NEWS
The Real Deal
EXTELL SCORES $700 MILLION REFI FOR THREE MANHATTAN BUILDINGS
DECEMBER 16, 2019
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.
Commercial Observer
CITI,REXMARK PROVIDE 117M REFI FOR MIAMI’S SOHO BEACH HOUSE
FEBRUARY 28, 2019
Soho House has scored $117 million in debt to refinance Soho Beach House, its Miami flagship hotel at 4385 Collins Avenue, sources told Commercial Observer. Citigroup provided a $55 million senior loan in the deal, while Rexmark provided the $62 million mezzanine loan.
Commercial Observer
EXTELL SCORES $265M NATIXIS-LED REFI FOR BOSTON HOTEL
JUNE 14, 2018
Extell Development Company has secured $265 million in debt to refinance its InterContinental Boston hotel at 500 Atlantic Avenue in the Financial District section of the city from Natixis, Rexmark and South Korean fund manager KTB Asset Management.
Benzinga
REXMARK, KTB CLOSE ON £55,000,000 MEZZANINE LOAN ON LONDON'S ICONIC GROSVENOR HOUSE HOTEL
MARCH 12, 2018
U.S. real estate firm Ashkenazy Acquisition Corp has closed on a new £55,000,000 mezzanine loan to refinance a portion of the debt on the Grosvenor House Hotel in London, a luxury 5-star hotel located in London’s Mayfair District.
Commercial Observer
FORTIS, DAVID WERNER LOCK IN $100M IN MEZZANINE DEBT FROM KOREAN INVESTOR
MAY 22, 2017
Brooklyn-based Fortis Property Group and investor David Werner have landed a $100 million mezzanine loan to refinance a portion of debt on 1 Lincoln Street, a 36-story office building in Boston’s Financial District, Commercial Observer can first report.
The Real Deal
DIALING KOREA FOR DEBT: CHETRIT SCORES $101M TRINITY PLACE REFI FROM KTB, REXMARK
April 05, 2017
South Korean fund manager KTB Asset Management and Midtown-based investor Rexmark provided the loan, which is the latest in a flurry of debt deals by Korean investors.