SL Green secures $1.4 billion refinance for 11 Madison Ave.

Manhattan, NY Fried Frank advised SL Green Realty Corp. (SL Green), and its joint venture with PGIM Real Estate, in connection with the completion of a $1.4 billion, five-year, fixed-rate refinancing of 11 Madison Ave., a 2.3 million s/f office tower in Midtown South. The new mortgage replaces the previous $1.4 billion debt on the property, which was comprised of a $1.075 billion senior mortgage and two mezzanine loans totaling $325 million.

The Fried Frank team was led by Michael Werner and included real estate associates Charles Roper, Jr., Loren Naftali and Molly Diamondstein.