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Savanna, Deutsche Bank Pushing Off 521 Fifth Avenue’s Foreclosure Sale
More than two years after Savanna’s commercial mortgage-backed securities (CMBS) loan backing 521 Fifth Avenue defaulted, the lender is still working toward a plan to sell the 39-story office property near Bryant Park. Deutsche Bank, which supplied the $242 million CMBS loan in 2019 for Savanna’s $381 million purchase of 521 Fifth, has sought an […]
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Commercial ObserverSavanna, Deutsche Bank Pushing Off 521 Fifth Avenue’s Foreclosure Sale