UPDATED, Oct. 29, 4:03 p.m.: Zeckendorf Development received a $450 million construction loan for its 51-story condominium tower at 520 Park Avenue in Midtown East.
British hedge fund the Children’s Investment Fund Management, which notably loaned $660 million to Silverstein Properties last year for 30 Park Place, likely provided the mortgage, a source told the New York Observer.
JLL brokered the 520 Park financing deal, sources told The Real Deal.
Zeckendorf announced last month it would ask $130 million for the 12,394-square-foot penthouse triplex at its 520 Park development, the priciest current listing for a condominium unit in New York City, as previously reported. The New York State attorney general has approved the offering plan for the 31 units. [NYO] — Mark Maurer