TF Cornerstone has raked in about $205 million in financing for its Long Island City, New York residential property.
The funding was provided by M&T Realty Capital Corporation through a Fannie Mae loan. It includes a 35-year amortization period and carries full-term interest only.
The 584-unit luxury asset consists of one, two, and three-bedroom apartments, as well as studios. Also, the building at 46-10 Center Boulevard includes 7,733 square feet of ground-floor retail, 2,200 square feet of outdoor space, a fitness center, a terrace, a resident lounge, and bike storage.
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