Extell Development Secures $425M Construction Loan For Life Sciences Property On Upper East Side | 1520 1st Avenue | Pacific Western Bank, Harbor Group International, InterVest Capital Partners, Rexmark | Other | Loan

Summary

Loan

NEW YORK

Other

420,000 sqft

The property involved in this closed transaction is a Life Sciences asset located at 1520 1st Avenue in the Upper East Side market. The property spans approximately 420,000 square feet and is owned by Extell Development, represented by Gary Barnett.

Summary of transaction details

Property Type: Life Sciences
Transaction Amount: $425,000,000
Lender: rexmark''>Rexmark, InterVest Capital Partners, Pacific Western Bank & Harbor Group International
Loan Type: Construction
Landlord: Extell Development - Gary Barnett
Date: 10/27/2022

The lenders involved in this transaction include Rexmark, InterVest Capital Partners, Pacific Western Bank, and Harbor Group International. The loan amount for this construction project is $425,000,000.

Players

All
4

Lenders
4

Pacific Western Bank

Harbor Group International

InterVest Capital Partners

Rexmark

Details

Deal Summary

FINANCED

IMAGE: Gary Barnett & Joshua Khakshoor DATE: 10/27/2022 ADDRESS: 1520 1st Avenue MARKET: Upper East Side ASSET TYPE: Life Sciences ~ SF: 420,000 LENDER: Rexmark (@Josh_Khak), InterVest Capital Partners, Pacific Western Bank & Harbor Group International LANDLORD: Extell Development (@Extell) - Gary Barnett LOAN AMOUNT: $425,000,000 LOAN TYPE: Construction

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Address1520 1st Avenue

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