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Wells Fargo Refis Long Island City Apartments With $115M Fannie Mae 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, Queens, Commercial Observer has learned. Wel

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Summary

An affiliate of Rockrose Development has secured $115 million of agency-backed debt to refinance a newly completed multifamily complex in Long Island City, Queens, 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 […]

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