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In one of the largest successful recapitalizations of the year, RFR has finalized a $1.2-billion securitization to help refinance debt tied to the Seagram Building at 375 Park Ave. in Midtown Manhattan. Proceeds from the CMBS will be used to repay debt that RFR had taken out against the property, including a mezzanine loan from JVP Management, RFR announced.