SL Green Realty Corp., a real estate investment trust, is tapping the securitization market to refinance 485 Lexington Avenue, a 32-story office building in midtown, Manhattan.

In January, the sponsor obtained a $350 million mortgage from Goldman Sachs; this along with $100 million in mezzanine financing and $7.3 million of new equity, were used to refinance existing debt of $450 million, pay closing costs of $4.2 million, and fund reserves.

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