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RXR lands Refi at 61 Broadway

Aareal Bank and SL Green provided $325 million in debt

61 Broadway (Credit: RXR Realty)

RXR Realty has secured a $325 million loan from Aareal Bank and SL Green to refinance its FiDi office building at 61 Broadway. Aareal Bank provided a $275 million senior loan, while SL Green provided a $50 million mezzanine piece, CO reported. The property spans 790,000 square feet, and is located between Rector Street and Exchange Alley.

Flashback: RXR paid $330 million for the property in 2013. The firm subsequently recapitalized it in 2016 with $290 million in debt; a $240 senior loan million from Bank of China, and a $50 million mezz loan from SL Green.

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