We advised Extell on the refinancing

Davis Polk advised affiliates of Extell Development Company in obtaining mortgage and mezzanine financing totaling $131 million from an affiliate of Apollo Global Management. The loan proceeds will be used to refinance a portion of Extell’s existing loans with respect to the marketing and sale of 112 condominium units in One Manhattan Square.

The Davis Polk real estate team included partner Michael J. Rishty and associates Gregory D. Crane and Omar Ashmawy. All members of the Davis Polk team are based in the New York office.