NEW YORK CITY-Realty firm RFR has acquired an $18 million loan on its building located at 66 East 55th Street, which it had defaulted. Special service provider Helios was selling the loan under the advice of Mission Capital.
RFR also defaulted on a $17.7 million mortgage on a retail condominium at 380 Lafayette Street, and the lender LNR Partners filed a foreclosure suit. Another property located at 757 Third Avenue is under special servicing after the company failed to repay its loan. For the full story, go to Crain's New York Business.
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