JPMorgan Chase is providing Gary Barnett’s Extell Development with another hefty loan. The bank provided the developer with a $500 million financing backed by four Manhattan properties, according to documents filed with the Tel Aviv Stock Exchange. The two-year loan is backed by shares in Barnett’s $4 billion supertall, the Central Park Tower, and will serve to refinance three development sites in Midtown and Harlem. Of the total, $332 million will go towards refinancing the […]
source https://therealdeal.com/2018/08/23/extell-refinancing-three-manhattan-projects-with-500m-loan-from-jp-morgan-chase/
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