What is Extell Development?
Founded in 1989 and headquartered in New York, New York, Extell Development is a comprehensive, full-service real estate development firm. Its operations encompass the entire project lifecycle, including acquisition, financing, development, marketing, and management. The company has a robust track record in developing significant real estate projects, leveraging its expertise across various facets of the industry to drive value and execute complex undertakings.
How much funding has Extell Development raised?
Extell Development has raised a total of $58.5M across 3 funding rounds:
Debt
$54.9M
Debt
$2M
Debt
$1.6M
Debt (2016): $54.9M with participation from Bank of the Ozarks
Debt (2020): $2M led by PPP
Debt (2021): $1.6M supported by PPP
Key Investors in Extell Development
Bank of the Ozarks
Bank OZK, operating as Bank of the Ozarks, is a financial institution providing a wide array of retail and commercial banking services, including significant real estate lending. Their involvement suggests a focus on debt financing for large-scale property development.
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Extell Development?
The recent major strategic investment, coupled with the company's extensive history of securing significant debt financing, positions Extell Development for continued expansion and project execution. This level of enterprise-level backing suggests a focus on large-scale developments and a confidence in the company's ability to navigate the complexities of the real estate market. Future endeavors will likely involve further strategic acquisitions and the development of high-profile properties, building upon its established reputation and financial capacity.
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