It is the fourth extension granted since April on the floating-rate CMBS loan, as the two sides keep marketing the 39-story Midtown tower together instead of letting the sale proceed.
DEVELOPER / 4 STORIES
Deutsche Bank
Every story on The American Developer that names Deutsche Bank, 4 and counting.
Deutsche Bank at a glance
- Coverage
- 4 stories, July 2026 to October 2026
- Markets
- New York (2), South Florida (1), National (1)
- Story mix
- Capital & Deals (2), Distress & Opportunity (1), Residential (1)
- Projects
- 521 Fifth Avenue, 720 West End Avenue, 7200 Collins, 650 California Street
- Named alongside
- Savanna, InterVest Capital Partners, Brack Capital, Northlink Capital
Distress & Opportunity / New York
10.28.26 · 2 min
Residential / New York
We counted the collateral schedule on two recordings of the same mortgage, which turns a lender's paperwork into a live closings counter.
09.15.26 · 2 min
Capital & Deals / South Florida
The loan did not clear on the sponsor's name. It cleared on a presale book that was functionally sold out before a shovel moved.
07.27.26 · 2 min
Capital & Deals / National
The biggest office workout of the cycle got done by extending, not foreclosing. That is the template now.
07.15.26 · 2 min