JLL Arranges $140M Loan for Refinancing of Long Island Apartment Community

Dwight Capital Refis Georgia Apartments With $43M HUD Loan

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JLL Arranges $140M Loan for Refinancing of Long Island Apartment Community

BAY SHORE, N.Y. — JLL has arranged a $140 million loan for the refinancing of Shoregate, a 418-unit, newly constructed apartment community located in the Long Island community of Bay Shore. The four-story, transit-oriented property houses 334 market-rate units and 84 affordable apartments, as well as 1,650 square feet of retail space. Amenities include a pool and patio area, fitness center, outdoor barbecue stations, dog washing area, a rooftop …

JLL Arranges $140M Refi on Bay Shore Multifamily

JLL Capital Markets arranged $140 million to refinance the Shoregate, a newly-built, 418-unit multifamily development located at 143 4th Ave. in Bay Shore, NY, within Long Island’s Suffolk County. A JLL team led by Kellogg Gaines, Geoff Goldstein and Michael Gigliotti represented the borrower, owned by a partnership with TRITEC Real Estate Company. The funding was secured by Truist Financial Corporation, which also provided the construction fina…