Extell Development’s One Manhattan Square is now fully funded, thanks to a commitment for an additional $163.2 million in mezzanine financing from Scott Rechler’s RXR Realty.
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RXR shaves Extell’s One Manhattan Square loan by $163M Barnett reports fourth delay in closing to frustrated bondholders By Mark Maurer | August 16, 2016 02:20PM
RXR agreed to lend $465M to Extell Development for One Manhattan Square in 2016. However, RXR downzined the loan by $163M later that year, The Real Deal reported.
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Extell got a $500 million loan for its One Manhattan Square development from a. Crain's New.. RXR shaves Extell's One Manhattan Square loan by $163M.
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WAIT AND SEE- "RXR shaves Extell’s One Manhattan Square loan by $163M," by The Real Deal’s Mark Maurer: "For the fourth time, Extell Development, one of the city’s foremost developers.
If Gary Barnett can’t score a big loan at very favorable terms, is there hope for anyone in New York. In March, RXR agreed to provide $463 million in mezzanine financing for the 80-story Lower East.
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