Kushner was massively over-leveraged on the acquisition — the property was nearly $3.5 million-a-month short on its debt service, with only $10 million reportedly remaining in a reserve fund used to service its $1.22 billion mortgage — and was in danger of losing the tower. At the time, AREA was actively acquiring a portion of the tower's debt at a big discount, alongside Starwood Capital, Colony Capital and Paramount Group. Kushner was negotiating with lenders to recapitalize the property, but sources said Mack objected to his strategy. Kushner eventually rescued the building in 2012 by bringing Vornado Realty Trust on board and striking a deal with lenders to reduce the principal payment, extend the loan, and defer some interest payments.