Global Holdings Refis NoMad High-Rise for $249M

Global Holdings Refis NoMad High-Rise for $249M
News| August 4, 2025| Paul Bubny
New York & Tri-State + Apartment Buildings

Wells Fargo’s Multifamily Capital group has closed a $249.2-million Freddie Mac loan for Anagram NoMad, a luxury residential tower located at 10 E. 29th St. between Madison and Fifth avenues in the NoMad neighborhood of Midtown South in Manhattan. The sponsor, Global Holdings Management Group, will use the loan to refinance an existing Wells Fargo balance sheet loan. Executive directors Andrew Cohen and Shane Hogan at Wells Fargo originated the financing.

Global Holdings acquired the 392-unit, 50-story high-rise in the spring of 2020 and unveiled it as the rebranded Anagram NoMad a year and a half later. It represented the first property under the Anagram brand.

The property features an indoor and outdoor rooftop featuring views of the cityscape and including a bar, a game room and lounge spaces; a full-service gym complete with a climbing wall and yoga studio; a resident café; a coworking space with a conference and telephone rooms; a children’s playhouse; a library; and a private garden lawn.

Other News

One Beverly Hills Reaches Milestones Ahead of Schedule

California & West + Apartment Buildings

The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...

Learn more

Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

Learn more

Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up