RXR lands $1.3B financing for 5 Times Square; SL Green in as partner – Robert Khodadadian

It’s not the amount of money RXR sought earlier this year, but it still landed a major loan for the renovation of a signature Times Square property. Scott Rechler’s firm scored a $1.3 billion financing package from a group of backers, including Morgan Stanley, Apollo Global Management and AIG, Bloomberg reported. RXR and partners have invested another $300 million into the upgrade of 5 Times Square. The loan, which runs through May 2026, is not

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, office market, Real Estate Finance, RXR Realty, SL Green, Times Square The Real Deal New York Read More

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