NEW YORK CITY-The $83.8-million loan on the 525,900-square-foot building 17 State St. close to Battery Park has been put into special servicing. The property is owned by RFR Realty, which belongs to Aby Rosen.
The first mortgage from Bank of America carries an interest rate of 5.3%, and is set to mature on April 1, 2014. The building was purchased by RFR Realty in 2004 for $216 million. About 117,000 square feet of the building is expected to be vacant soon. For the full story, go to New York Post.
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