NEW YORK CITY—Hunt Mortgage Group has providedan $87 million Fannie Mae loan to refinance a multifamily propertyin Long Island City, GlobeSt.com has learnedEXCLUSIVELY.

The borrower is Citylights at Queens Landing Inc. a New Yorkcorporation and cooperative. The loan is structured with a 20-yearterm and 19.5-years yield maintenance period.

Citylights at Queens Landing is a 42-story building thatcontains 522 apartments with 506 functional units (some tenantscombined neighboring apartments into single units). The property issituated on a single 1.8 acre parcel of land, was constructed in1996, and has 527 parking spaces.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.