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Northwood scores $237M loan to buy HNA’s 1180 Sixth

Northwood scores $237M loan to buy HNA’s 1180 Sixth

To close its purchase of 1180 Sixth Avenue, Northwood Investors obtained a $236.6 million loan from the Royal Bank of Canada, sources told The Real Deal. Northwood, a real estate investment firm led by John Kukral, closed Thursday on the $305 million purchase of an HNA Group subsidiary and MHP Real Estate Services’ 22-story Midtown office property, as TRD first reported. The financing is a floating-rate loan and represents roughly 78 percent of the purchase […]


Source: realdeal

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