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JPMorgan Mulls $3.8 Billion Loan for NYC Condo Project

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

The proposed development would involve constructing condominiums at a site that once served as the former headquarters of the ABC television network, located on West 66th Street in Manhattan.

Extell, led by Gary Barnett, is seeking approximately $3.8 billion in financing for this ambitious project, which would be one of the largest construction loans in the US if successful.

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