Extell Development picked up additional financing for its luxury condo tower at 250 South Street, securing a $150 million bridge loan from Deutsche Bank.
The developer is expected to seek a construction loan later this year, the New York Observer reported.
The approximately 940,000-square-foot tower will reach somewhere between 56 and 71 stories, according to conflicting reports. The most recent Department of Buildings filings called for 68 stories. Renderings were released in May.
Extell purchased the site for $103 million in March of 2013.