In order to pay for the building, Kushner secured a $1.215 billion CMBS senior loan from Barclays and UBS that was split into six different pari passu notes securitized by GE Capital and Wachovia. The loan had a term of 10 years and was interest-only for the entire term, meaning that Kushner would only have to pay the 6.353% interest rate. Additionally, Kushner obtained $535 million in mezzanine financing, split into a $335 million senior tranche and a $200 million junior tranche. Backing up the financing, Kushner obtained an appraisal valuing the property at nearly $3 billion, 75% more than the company had paid for the property just months earlier. According to New York real estate magazine "The Real Deal", such a big gap between a building's purchase price and appraisal value is unheard of and the values are generally within 10% of each other, even during the commercial real estate bubble of 2005–2007.