RXR shaves Extell’s One Manhattan Square loan by $163M

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RXR shaves Extell’s One Manhattan Square loan by $163M . I noted this in a past post and this is proof it’s beginning. Bridge loans are crucial for the developers across the country esp NYC, and with multiple billions in loans coming due in 2017 we could be in for a massive credit crunch within the commercial loan sector

RXR shaves Extell’s One Manhattan Square loan by $163M. If Gary Barnett can’t score a big loan at very favorable terms, is there hope for anyone in New York? For the fourth time, Extell Development, one of the city’s foremost developers, announced that the closing of a crucial mezzanine.

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