HomeBriefs

Brief

Ares Provides $86M Refi for Long Island City Multifamily Property

Slate Property Group and Avenue Capital Management have secured an $86.25 million loan  to refinance Dutch House, an eight-story, 186-unit multifamily property in Long Island City, Queens, Commercial

Summary

Slate Property Group and Avenue Capital Management have secured an $86.

25 million loan to refinance Dutch House, an eight-story, 186-unit multifamily property in Long Island City, Queens, Commercial Observer can first report.

Ares Capital Management provided the debt, which retires a 2023 refinancing facility made by PCCP, while the Walker & Dunlop team of Aaron […]

Source