Muss Development landed a $75.4 million loan for the Forest Hills Tower at 118-35 Queens Boulevard. The 16-story, 519,000-square-foot property was once the headquarters of JetBlue Airways. A huge portion of the building was also leased short-term to the Federal Emergency Management Agency after Hurricane Sandy in 2012. The lender for the loan is AXA Equitable Life Insurance Company, which assumed the $72.8 million unpaid balance from a 2016 mortgage provided by Ladder Capital. The […]
source https://therealdeal.com/2018/07/06/muss-development-scores-75-4m-loan-for-forest-hills-building/
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