Rotem Rosen’s MRR Development raised $73 million on the Israeli bond market on Monday. This is MRR’s first foray on the Israeli market, and the funds from the institutional bond offering are intended to finance the $162.5 million purchase of the 294-key Hotel Indigo on the Lower East Side. Demand for the bond, which is secured by a senior position on the hotel, exceeded the target of $72 million. The final deal carries an interest […]
source https://therealdeal.com/2018/09/04/rotem-rosens-mrr-hits-73m-target-in-bond-issue-for-lower-east-side-hotel-buy/
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