Wells Fargo Lends $115M for 301-Unit Multifamily Residential Community with Affordable Units in Long Island City

Avison Young Arranges $115M in Agency Financing for Queens Apartment Building

NEW YORK CITY — Avison Young has arranged $115 million in Fannie Mae financing for a 301-unit apartment building in the Long Island City area of Queens. Wells Fargo provided the loan for the building, which represents Phase II of a larger development known as the Eagle Lofts Collection, through Fannie Mae’s Delegated Underwriting Service (DUS) program. Phase II features studio, one- and two-bedroom units, 30 percent of which are designated as af…

Avison Young Arranges $115M Fannie Mae DUS loan for Rockrose

Avison Young arranged a $115-million first mortgage loan on behalf of an affiliate of Rockrose Development for the Eagle Lofts Collection, Phase 2, a 301-unit, luxury residential property located at 43-14 Queens St. in Long Island Cit. The financing was provided by Fannie Mae through Wells Fargo Multifamily Capital as its DUS Lender. Avison Young’s ...

Wells Fargo Lends $115M for 301-Unit Multifamily Residential Community with Affordable Units in Long Island City

Global real estate advisor Avison Young arranged a $115 million first mortgage loan on behalf of an affiliate of Rockrose Development for the Eagle Lofts Collection, Phase 2, a 301-unit, luxury residential property located at 43-14 Queens Street in Long Island City, New York. The financing was provided by Fannie Mae through Wells Fargo Multifamily […]

Wells Fargo Refis Long Island City Apartments With $115M Loan

An affiliate of Rockrose Development has secured $115 million of agency-backed debt to refinance a newly completed multifamily complex in Long Island City, Commercial Observer has learned. Wells Fargo Multifamily Capital closed the Fannie Mae-backed loan for Rockrose’s 301-unit Eagle Lofts Collection, Phase 2, which opened last year in Long Island City’s Court Square neighborhood. […]