RFR Secures $100M Loan For Manhattan 5th Ave. Property

Law360, New York (September 16, 2013, 7:13 PM EDT) -- New York investment firm RFR Holding LLC has closed on $100 million of financing with Citibank NA for an office building at 160 Fifth Ave., RFR announced Monday.

In connection with the deal, RFR will retire $65 million of existing debt on the 107,000-square-foot property, while taking advantage of lower interest rates to reduce its cost of capital in the future.

“We continue to pursue our portfoliowide strategy to limit rate exposure through refinancing,” Mark Weiss, chief investment officer of RFR, said in Monday's statement....
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