Extell Development Refinances 127-Unit Condo With $620M Loan In Lincoln Square

The 127-unit condominium project located at 50 West 66th Street in Lincoln Square, Manhattan, was refinanced by Extell Development with a $620 million loan from JVP Management. The property was previously financed with a $550 million loan from Bank OZK.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $620,000,000
• Units: 127
• Lender: JVP Management
• Landlord: Marc Kwestel - Extell Development
• Address: 50 West 66th Street
• Market: Lincoln Square, Manhattan

Mark Kwestel of Extell Development acted as the landlord in this refinancing deal, while JVP Management provided the new loan. The refinancing involved replacing a previous loan from Bank OZK, marking a significant transaction in the Manhattan real estate market.