Financing

555 TENTH AVENUE

OVERVIEW     ARCHITECTURE & DESIGN     FINANCING     LOCATION

PHOTO GALLERY     TIMELINE     CONSTRUCTION UPDATE

TOTAL PROJECT COST
$480 MILLION

CONSTRUCTION LOAN – 1ST POSITION
$325 MILLION

EB5 PREFERRED EQUITY
$100 MILLION

EQUITY
$55 MILLION

ANTICIPATED EXIT STRATEGY
The Manager anticipates making distributions to EB-5 preferred equity investors within 5-7 years from the date of admission. Capital for these distributions may derive from any combination of one or more of the following sources: rental and/or sales proceeds, refinance, or repayment of debt to the Project Company from an affilated borrower.

An appraisal report prepared by Cushman & Wakefield, Inc. (“Cushman”) provided the prospective market value of the leasehold interest upon completion and stabilization. Based on the estimated completion date of November 1, 2016, the prospective market value upon completion is $700 million and $721 million upon stabilization.

Extell New York Regional Center 805 Third Ave. 7th Floor New York, NY 10022 T: 212-221-3137 F: 212-644-5188 info@eb5extell.com