Scott Rechler’s RXR Realty has landed a $157 million loan from Bank of America to refinance its leasehold at 470 Vanderbilt Avenue in Brooklyn, according to property records. The financing package includes a gap mortgage for $15 million. RXR acquired the building in 2014 for just under $195 million, its first purchase in Downtown Brooklyn, and one of the largest office deals in borough history. The firm quickly got going on a $74 million renovation […]
source https://therealdeal.com/2019/03/05/rxr-lands-hefty-refi-for-one-of-brooklyns-priciest-office-buildings/
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