Reuben Brothers, JP Morgan Chase Refinance $500M Loan On Central Park Tower

The Reuben Brothers, David Reuben and Simon Reuben, along with JPMorgan Chase & Co., have provided a loan of approximately $500 million to refinance debt on Central Park Tower. Located at 217 West 57th Street in Midtown Manhattan, Central Park Tower is an ultra-luxury condo skyscraper situated on Billionaires' Row. The property is owned by Extell Development, with Gary Barnett as the landlord.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $500,000,000
• Lender: Reuben Brothers (David Reuben & Simon Reuben) and JP Morgan Chase
• Landlord: Extell Development (Gary Barnett)
• Loan Type: Refinance

Billionaires David and Simon Reuben, in collaboration with JPMorgan Chase & Co., have extended a loan of approximately $500 million to Central Park Tower. The loan will be used for refinancing the debt on the ultra-luxury condo skyscraper, which is located on Billionaires' Row in Midtown Manhattan. Extell Development, under the ownership of Gary Barnett, operates as the landlord for this property.