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Capital One Provides $96M Letter of Credit for Far Rockaway Affordable Housing Project

Tishman Speyer has sealed $214 million of construction financing to develop a 100 percent affordable housing property in Far Rockaway, Queens, Commercial Observer has learned. Capital One closed a $96

Tishman Speyer has sealed $214 million of construction financing to develop a 100 percent affordable housing property in Far Rockaway, Queens, Commercial Observer has learned. Capital One closed a $96.2 million letter of credit to backstop a loan provided by the New York City Housing Development Corporation (HDC) to support construction of the 300-unit Edgemere […]

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