Extell lands $417M loan for 570 Fifth Ave development
Gary Barnett secured another refinancing for his banner development at 570 Fifth Avenue JPMorgan Chase provided Extell Development with $417 million to refinance the project, PincusCo reported. The development site comprises more than a dozen properties assembled by the New York City skyline shaper. The deal, which closed on March 20, replaces a $340 million loan issued less than two years ago. Neither the borrower nor the lender immediately responded to requests for comment from The Real Deal. Global law firm Simpson Thacher & Bartlett was reported last summer to be poised to take roughly 700,000 square feet to anchor […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
America’s Top Architects: One 10 Studio Architects Brings
Cabin Comfort To A Contemporary Indianapolis Home
A clearer look at the listings caught up in Compass’
StreetEasy pushback
NYC turns up the heat on housing holdouts
Two Bushwick buildings reflect NY’s twisted
priorities
NY Dirt: Heat season returns with more HPD scrutiny, J-51
reboot
Frasers Property, Mitsubishi To Build Upscale Residential
Tower Along Singapore River
Protecting Capital Investments In Today’s Less Forgiving
Market
The 25 Best Places To Retire If You Love Arts, Fine Dining
And The Outdoors
How To Find The Best Retirement Place To Follow Your
Passions
Benedikt Taschen’s Sublime Renovation Of An Iconic
Mid-Century Home In Beverly Hills
