Billionaire Brothers, JPMorgan Refinance NYC Luxury Condo Tower
- Reubens are extending their Manhattan real estate investments
- Central Park Tower on Billionaires’ Row gets $500 million loan
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Billionaires David and Simon Reuben have bolstered their New York City property investments, helping to refinance debt on an ultra-luxury condo skyscraper on Manhattan’s Billionaires’ Row.
The British brothers joined with JPMorgan Chase & Co. to provide a roughly $500 million loan for Central Park Tower, according to a person with knowledge of the matter. The 131-story property, built by Gary Barnett’s Extell Development, is home to New York’s most expensive residential listing, a penthouse priced at $250 million.