Rialto looks to sell loan on Aby Rosen’s distressed 90 Fifth Avenue
Rialto is looking to sell the $100 million loan on Aby Rosen’s 90 Fifth Avenue, pitching the distressed office building as a potential condo conversion. Jeff Krasnoff’s special servicer put the $104.5 million up for sale, inviting investors to bid on the debt or to make an offer for the property, should Rialto be able to get control of the title. The vacant building is “positioned as a prime office HQ or world-class condo conversion project,” according to a marketing memo from Newmark. It’s not entirely clear if — or when — Rialto or another investor could get control of […]
This article originally appeared on The Real Deal. Click here to read the full story.
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