95
NEW YORK CITY — Boston Properties’ consolidated joint venture entity, in which it has 60 percent interest and which owns 767 Fifth Avenue in New York City, has completed the refinancing of approximately $1.6 billion in indebtedness that had been secured by direct and indirect interests in 767 Fifth Avenue. The new mortgage financing has a principal amount of $2.3 billion, has a fixed interest rate and matures in 2027. The loan requires interest-only payments during the 10-year term, with the entire principal amount due at maturity.