Natixis providing $1B-plus to finance Maefield’s 20 Times Sq. deal

Mark Siffin’s Maefield Development is set to close on the massive buyout of its partners in the hotel-and-retail project known as 20 Times Square, The Real Deal has learned. The deal values the property at $1.53 billion. French bank Natixis is set to provide north of $1 billion in acquisition financing for the property, which has the street address of 701 Seventh Avenue, said sources familiar with the deal. Maefield signed a contract in February […]

Source: Real Estate

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