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Extell’s UWS tower nabs $967M construction loan

ft_NY_Extell 967M Loan
Extell’s Gary Barnett in front of a planned Upper West Side condo tower at 50 West 66th Street (Extell Development)
Source: The Real Deal

Putting years of legal fighting behind him, Gary Barnett’s Extell Development is beginning to make progress on a long-awaited Upper West Side condo tower. Extell landed $967 million in construction financing for the planned 775-foot tower at 50 West 66th Street, the Commercial Observer reported. Barnett’s 127-unit building is slated to stand 69 stories tall and aims to generate $188 million in sales. Bank OZK was the senior lender in the transaction, providing $800 million,

Read Full Article on The Real Deal