We advised RXR on the refinancing

Davis Polk advised affiliates of RXR Realty LLC in connection with a $105 million mortgage loan for 360 Huguenot, a 28-story apartment tower located in New Rochelle, New York, featuring 280 rental units, 14,000 square feet of retail space and a 10,000 square foot arts and cultural space. The loan was provided by an affiliate of Rialto Capital Management, LLC.

RXR is one of the largest owners, managers and developers in the New York Tri-State area with an operating platform managing 83 commercial real estate properties and investments (including 450 Lexington, New York, New York) comprising approximately 30.2 million square feet with an aggregate gross asset value of approximately $22.4 billion and a residential development pipeline of approximately 7,300 units under operation or development.

The Davis Polk real estate team included partner Brian S. Lichter and associates Elizabeth A. Case, David Beizer and Jack Goldbrenner. Partner Ethan R. Goldman and associate Liang Zhang provided tax advice. Counsel Charles Shi provided ERISA advice. All members of the Davis Polk team are based in the New York office.

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