Two major luxury condo developments dominated New York City’s largest loans in August 2024. Steve Witkoff and Len Blavatnik secured a $1.15 billion loan from JP Morgan and Tokyo Capital for their One High Line project in Chelsea. Meanwhile, Zeckendorf Development and Atlas Capital Group received a $1 billion construction loan from Cale Street Partners and Farallon Capital Management for a West Village project at 80 Clarkson Street.
JP Morgan and Tokyo Capital
