Monday, 11 February 2019

Lightstone lands $187M loan for LIC rental

Lightstone has closed on $187 million in financing for a large rental building in Long Island City, the company announced Monday. Citibank provided the loan for the ARC, a 428-unit rental project at 30-02 39th Avenue. Amenities at the building, which leased up in August, include a rooftop pool, outdoor dining cabanas and bocce courts. Lightstone purchased the former parking garage site in January 2016 for about $23 million and broke ground on the project […]



source https://therealdeal.com/2019/02/11/lightstone-lands-187m-loan-for-lic-rental/

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