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NEW YORK CITY — Progress Capital has arranged a $35 million fixed-rate loan for the 20-story office building located at 220 Fifth Avenue in New York City. The non-recourse loan has a term of 15 years based on a 30-year amortization schedule. The funds were used to refinance an existing CMBS mortgage with Berkadia Commercial Mortgage. Originally built in 1912, the building was formerly known as the Croisic Building and is a historic icon in the city. The same family has owned the office building since 1991. The owners plan to renovate the building’s lobby and common spaces in preparation for the opening of the Belgium Beer Café, which will anchor the building’s first-floor retail space.