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The new concept will first open this year on the Upper East Side in Manhattan.
Slate Property Group and Grobman Gross Properties secured the fixed-rate loan.
One building is close to the stretch of Fifth Avenue where Kering SA and Prada SpA recently purchased properties.
Citigroup, J.P. Morgan, and Argentic provided the refinancing while Walker & Dunlop arranged the deal.
Tower 16 is entering the Reno market with this deal as well as returning to Nevada.
The developers secured $106 million senior recycled tax-exempt bond funded loans and subsidy loans.
Maverick Real Estate Partners has acquired $247 million in debt backed by eight New York properties.
So far it has contracts on 37 properties for $253 million.
It will invest in value-add real estate assets, mainly in the industrial, multifamily and specialty sectors.
The 79-unit portfolio traded for $41.15 million.