Jul. 6 at 10:26 PM
$RITM Glad to see we got this debt refinanced with better terms. This puts us in a lot better spot. This loan was coming due quickly, perhaps why Rithm raised that
$500M in senior notes, just in case.....but now that Wells Fargo and BoA and other large lenders eliminated the interest only loan, this pushes off any need for the
$500M. This building appraised for nearly
$700M.....WHICH kind of tells us we got a good investment by buying these. No more debt due until 2028, which is a big one...so let's hope they figure out how to get this mortgage debt to disappear before then!