Gary Barnett bags $1B+ loan for 655 Madison
Gary Barnett supersized his project at 655 Madison Avenue, but needed a financing package to match. Adi Chugh’s Tyko Capital delivered. Extell Development landed $1.13 billion in construction financing for its 74-story project in Midtown Manhattan, the Commercial Observer reported. The deal, done without brokers, represents the largest construction financing package in New York City this year. The financing closed on Monday. Tyko declined to comment to the Observer, while Extell did not return a request for comment. Extell in July filed a rezoning application with the Department of City Planning for the site, doubling the number of stories Barnett […]
This article originally appeared on The Real Deal. Click here to read the full story.
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