JLL arranges $249 million financing for Anagram NoMad

Manhattan, NY JLL Capital Markets Group announced it has arranged $249.1 million in financing for Anagram NoMad, a 392-unit high-rise multifamily property located at 10 East 29^th St.

JLL represented the borrower, Global Holdings Management Group, to secure the five-year, interest only fixed-rate loan through Freddie Mac and Wells Fargo Multifamily Capital. The Freddie Mac loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender.

One of several premier residential properties within Global Holdings’ growing Anagram portfolio in New York City, Anagram Nomad is a 50-story tower with a 99% fair market unit mix of 24 studios, 278 one-, 70 two- and 20 three-bedrooms. Units feature wood-plank flooring, stainless steel appliances, closet space and 165 homes offer private balcony space with views including the Chrysler and Empire State Building to the Northwest and One World Trade and the Statue of Liberty to the South.

Global Holdings acquired the building in 2020 and invested significant capital in unit upgrades and next-level amenity offerings, which now includes a tenant-only cafe operated by Breads Bakery and a fitness center across the entire sublevel of the building that includes a climbing wall and weight room. The building also features a library and coworking area with dedicated meeting areas, children’s playhouse and a rooftop lounge and terrace named “The Top” which provides residents barbeques, a full-size pool table and rooftop bar.

The JLL Capital Markets Debt Advisory team representing the borrower was led by senior managing directors Christopher Peck, Peter Rotchford and Rob Hinckley, senior director Nicco Lupo and director Christopher Pratt.

“With a world-class sponsor, this transaction garnered much attention and we were able to take advantage of extremely tight credit spreads available in the market today,” said Rotchford. 

Anagram NoMad is located near Madison Square Park, Eataly, and a variety of shopping and restaurant options. It is near the 28^th St. and Park Ave. subway station and offers a walkable commute to the Midtown business district.