Barnett secures $380M mezz financing for Central Park Tower

 Gary Barnett landed $380 million in bridge financing for his $4 billion Central Park Tower supertall condo tower. Barnett’s Extell Development raised the new capital in the form of mezzanine debt secured by “Class C” shares in the property, according to a filing on the Tel Aviv Stock Exchange. Sail Harbor Capital and the hedge fund Baupost Group provided the financing, according to a source familiar with the loan. The loan carries an interest rate