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.