Fetner, Lions Group refinance LIC rental building with $111M debt
Fetner Properties and the Lions Group are marking full occupancy of the Bold rental building in Long Island City with a nine-figure loan. PGIM Real Estate provided American Lions — the joint venture between the two developers — with a $111 million bridge loan to refinance the property at 27-01 Jackson Boulevard in the Queens neighborhood, Crain’s reported. A JLL Capital Markets including Christopher Peck, Nicco Lupo and Michael Shmuely arranged the financing. “Securing this financing with PGIM validates both the strength of the asset and our long-term commitment to the community,” Hal Fetner said in a statement. Leasing at […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Billionaire Kwek Leng Beng’s CDL Outbids Rivals With $422
Million Offer For Prime Singapore Site
Technology Helping Address Construction Labor
Shortage
Pocket listings face another setback as New York advances
crackdown
Brandon Miller’s East Village project lands first office
tenants
Your Pool Is an Asset—It’s Also a Lawsuit Waiting to
Happen
Inside the Search: The Pipes Burst During the Final
Walkthrough. He Bought the House Anyway.
Anyone Can Flip a House After Hearing This
“Un-f*cking-believable”: Actors hired for landlord “zombie”
demonstration say they feel manipulated
Housing Notes: Some streets in the Hamptons just hit
different
Pied-à-terre tax rollout poses enforcement, compliance
hurdles:“Shock to the luxury real estate market”
