Rialto, Hines scoop up $100M in loans tied to Hilson’s Midtown offices 

Rialto Management Group and Hines acquired a trio of loans in Manhattan, each secured by an office property owned by the same company.  Rialto and Hines purchased the Midtown office debt totaling $99.8 million, according to PincusCo. All three properties tied to the loans are owned by Hilson Management. The loans — originally issued by Flagstar Bank — are backed by 185 Madison Avenue, 5 West 37th Street and 349 Lexington Avenue. The deal closed June 27 and was recorded Aug. 1; all three transactions were executed through an entity tied to Hines Rialto Credit Partners. The largest note, $35.2 […]This article originally appeared on The Real Deal. Click here to read the full story.