The top 10 largest construction loans for New York City projects totaled $10.9 billion for 2024.
Tishman Speyer notched the top spot with a $3.5 billion refinancing for the Rockefeller Center. It’s the largest CMBS deal since 2022 and the biggest single-asset, single-borrower deal in history. Bank of America and Wells Fargo loaned the money.
Extell Development inked a $1.2 billion refinance for its luxury condo project near the Lincoln Center. JVP Management was the lender.
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Commercial
New York
Record SASB, big construction loans lead NYC’s largest financing deals of 2024