Extell’s 98-story, 179-unit, Central Park Tower, refinanced with $270M From Israeli Bondholders

Extell Development has turned to investors on the Tel Aviv Stock Exchange to help refinance the debt on the world’s tallest residential building.

Gary Barnett’s firm went to TASE bondholders earlier this year seeking to raise nearly 1.1B shekels, or approximately $299.4M, for 18 unsold units at Central Park Tower, according to an investor presentation and an offering report filed last month and examined by Bisnow.

The offering for Extell's Billionaires' Row crown jewel closed March 2 with 986.2M shekels raised, or roughly $270M, according to a Google translation of the TASE offering report.

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