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Cornerstone Real Estate Advisers has provided a $226.6m loan backing 45 Broadway in Downtown Manhattan, part of an unprecedented lending spree from the firm over the last several weeks.
Blackstone has provided a $320m first mortgage loan to refinance the iconic Woolworth Building in New York City, Real Estate Capital has first learned. The floating rate loan covers the office component of the 60-story building, the lower 28 floors, taking out a previous $250m CMBS loan and funding additional renovation costs.
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