Gary Barnett’s Extell Development scored a $700 million refi from Citigroup and Rexmark for its luxe rentals at Hudson Yards and in the East Village. Citi provided $485 million in senior CMBS loans and Rexmark originated $215 million in mezzanine loans, Commercial Observer reported. The 10-year fixed-rate loans are interest-only and not cross-collateralized. The financing covers 760 units over three buildings, including the mixed-use tower at 555 Tenth Avenue, composed of 600 luxury rental apartments
source https://therealdeal.com/2019/12/16/extell-scores-700m-refi-for-three-manhattan-buildings/
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