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Posted on: June 27, 2018, 1:01 p.m.
The owners of 575 Lexington have secured a $415 million refinancing loan from Paramount Group. Normandy Real Estate Partners, Angelo Gordon & Co. and George Comfort & Sons in 2015 bought the 34-story tower in 2015 for $510 million. The new loan will replace a Wells Fargo loan obtained by the owners in 2015, according to Commercial Observer. The financing makes up just over 50 percent of the closing value of $775 million parent debt […] Full investment news articleRelevent to this post: Wells Fargo & Company Angelo, Gordon & Co LP,