Luxury Condo Project Secures $525 Million Refinancing Led by Ares and JPMorgan
ByAinvest
Friday, Jan 30, 2026 9:20 am ET1min read
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Ares Management Corp. and JPMorgan Chase & Co. have led a $525 million loan to finance the One High Line luxury condo project in NYC. The debt will cover unsold units and fund the commercial component of the project, which has seen over $1.1 billion in condo sales. With only 54 units remaining, prices start at $2.82 million. Buyer demand for Manhattan luxury homes has been high, despite inventory constraints. The project features upscale amenities and a Faena New York hotel.
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