Extell further delays closing $463M in RXR financing

$500M loan granted for tallest tower in Queens, New York Chris Jiashu Xu (Chinese: ; born in 1967) is a chinese-american real estate developer. He is the founder and president of United Construction & Development Group, through which he is currently developing the tallest skyscraper in Queens, New York.

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Extell bonds drop amid further delays in Manhattan project financing Extell Limited bonds dropped as much as 3.7% on Sunday after the New York property company said it got a three-month extension to repay a $150 million loan connected to the development of its One Manhattan Square project.

Extell bonds plummet in Tel Aviv. The gary barnett-led firm’s two bond series are now both trading at yields of around 15 percent, with Israeli market sources describing Extell’s performance as "distressed." The selloff in Extell bonds is being attributed to a delay in the closing of more than $463 million in financing from Scott Rechler’s RXR.

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The Real Deal March 2015.. RXR Realty’s Scott Rechler, on the potential for continued gains in the New York office market, despite recently selling a 50-percent stake in six area buildings to.

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on a limited recourse basis for the sole purpose of financing a loan to Mineral and Chemical Company EuroChem, Joint Stock Company (the Borrower, which expression, where the context so admits, includes any successor Borrower pursuant to the terms of the Loan Agreement, as amended, supplemented or novated from time to time), such loan to be