Extell Closes $1.1B Financing For Central Park Tower Supertall

US-based real estate developer Extell Development Company has closed the financing package for the development of Central Park Tower in New York City. The 1,550ft Central Park Tower residential building is being developed by Extell and SMI USA, a subsidiary of Shanghai Municipal Investment.

Central Park Tower rendering, image via Extell Development Company. Consisting of a $900 million senior construction loan syndication led by J.P. Morgan and a $235 million preferred equity loan from an unnamed hedge fund, the financing will propel the super-skinny Central Park Tower into the New York City skyline.

Extell Development Company Closes On A $1.135 Billion Financing Package For Central Park Tower The Tallest Residential Building In The World. the first supertall tower on Billionaires’ Row.

NEW YORK, Jan. 2, 2018 /PRNewswire/ — Nationally acclaimed real estate development firm extell development Company announced today that the company closed on its largest construction loan to date for Central Park Tower on December 29, 2017.Central Park Tower, a 1,550-foot-tall architectural landmark located on Manhattan’s Billionaires’ Row, will be the tallest residential building in the world.

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NEW YORK, Jan. 2, 2018 /PRNewswire/ — Nationally acclaimed real estate development firm Extell Development Company announced that the company closed on its largest construction loan to date for.

Luxury condo developer Extell is one-step closer to delivering the tallest residential building in the world in Manhattan, announcing Tuesday it had secured the final piece of its financing puzzle.

Three Factors Impacting CRE Financing in 2016 end of 2016 and held about 52.3% of outstanding commercial mortgage debt as of Dec. 31, 2016, according to Federal Reserve mortgage data (see chart 1). This surpasses the 50.2% share banks had during the crisis and is up from aThese were the 10 biggest NYC real estate loans recorded in May According to a spokesman for the National September 11 Memorial and Museum that now stands at Ground Zero, it was the first time the New York real-estate billionaire had attended the official ceremony. Trump, who was born in Queens, grinned as people waved, and posed so they could take photographs.

Extell’s Central Park Tower, the residential building rising at 217 West 57th Street that will reach supertall status once complete, is beginning to make its mark on the city’s skyline. A new.

Extell Development Company Closes On A $1.135 Billion Financing Package For Central Park Tower The Tallest Residential Building In The World PRESS RELEASE PR Newswire Jan. 2, 2018, 02:30 PM

NEW YORK, Jan. 2, 2018 /CNW/ – Nationally acclaimed real estate development firm Extell Development Company announced today that the company closed on its largest construction loan to date for Central Park Tower on December 29, 2017. Central Park Tower, a 1,550-foot-tall architectural landmark located on Manhattan’s Billionaires’ Row, will be the tallest residential building in the world.

Extell Development Company announced Tuesday that the company closed on its largest construction loan to date for Central Park Tower on December 29, 2017. Central Park Tower, a 1,550 ft. tall.

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