Loan on RFR Office Building into Special Servicing
August 4, 2010
• The loan on another office building owned by Aby Rosen’s RFR Realty has gone into special servicing: 17 State St., a 525,900-square-foot address near Battery Park.
• The $83.8 million loan matures on April 1, 2014. Several weeks ago, Realty Check first reported that the loan on RFR’s 757 Third Ave. had gone to special servicing.
• A first mortgage originated by Bank of America when RFR bought the tower in 2004 for $216 million, carries a modest 5.3 percent interest rate.
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