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$3.8 Billion Construction Financing Deal in Play for NYC Tower

Guavy AI Editorial Team
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JPM
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JPMorgan Chase & Co. is considering leading a massive construction financing for Extell Development's plan to build condominiums on Manhattan's Upper West Side.

The site, located at West 66th Street, was previously the headquarters of the ABC television network and would be transformed into luxury condos with a $3.8 billion investment.

This proposed loan would be one of the largest ever construction loans in the US, according to people familiar with the talks.

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