Extell Development secured a $620 million refinance loan from JVP Management for their 127-unit residential condominium project at 50 West 66th Street in Lincoln Square, Manhattan. The property has 569,468 square feet of built space, with the loan price per square foot at $1,088. This refinance includes a $550 million construction loan from Bank OZK and an additional $70 million in debt. Extell’s project, a 505,482 square-foot building, was permitted in October 2018. Extell owns 65 commercial properties with 773 residential units in NYC, primarily in Manhattan, totaling 2.8 million square feet with a market value of $743.2 million and $6 billion in debt.
50 West 66th Street
