Extell refis Yorkville development site with $85M loan

Gary Barnett’s Extell Development secured $85.3 million in financing to refinance a development site on the corner of First Avenue and East 86th Street in Yorkville where the firm reportedly plans to build a 20-story residential building. The financing, provided by Bank of the Ozarks, is backed by a six-parcel assemblage anchored by a former Gristedes supermarket at 350 East 86th Street, which Extell bought for $93 million in June 2016. The loan consolidates and […]

Source: Real Estate

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