Daol Acquires 285 Madison

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RFR loses 285 Madison to Korean lender

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Daol Asset Management , a Korean investment firm that doled out $200 million in mezzanine debt on the Midtown tower, took the asset at auction yesterday after Rosen and Michael Fuchs’s RFR declined to bid on the deal.

The firm stayed on the sidelines because the deal had been devalued by “ today 's capital market environment,” a spokesperson told The Promote.

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English

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