NEW YORK CITY-Realty firm RFR has acquired an $18 million loanon its building located at 66 East 55th Street, which it haddefaulted. Special service provider Helios was selling the loanunder the advice of Mission Capital.
RFR also defaulted on a $17.7 million mortgage on a retailcondominium at 380 Lafayette Street, and the lender LNR Partnersfiled a foreclosure suit. Another property located at 757 ThirdAvenue is under special servicing after the company failed to repayits loan. For the full story, go to Crain's New YorkBusiness.
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