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Magna Hospitality refinances 6 Water Street

Robert Indeglia’s Magna Hospitality Group has secured a $66 million loan from M&T Bank to refinance 6 Water Street. The FiDi hotel spans 102,407 SF, and contains 250 rooms.

  • Financing details: The loan refreshes $65.8 million in outstanding debt from financing provided by the same lender in 2014, according to the CO. It also includes $1.2 million in new debt. 
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