Club Quarters Club Quarters May Be Trading to Qatar Company Al Sraiya Holding Al Sraiya Holding Group Club Quarters Mowbray Court Hotel The Marriott Munich

New York Life Provides $140M Loan for The Apartments at CityCenterDC

WASHINGTON, DC—New York Life Real Estate Investors is providing a $140 million loan financing the leasehold interest in The Apartments at CityCenterDC, a 458-unit multifamily building that is part of the mixed-use development by Hines and Qatari Diar. The loan, which has a fixed rate and a term of 10 years, is on behalf of institutional investors. “This loan represents the type of collateral we seek to have within our commercial loan portfolio,” said Eric Becher, senior director and head of New York Life Real Estate Investors' Northeast Regional Office.

Club Quarters Club Quarters May Be Trading to Qatar Company Al Sraiya Holding Al Sraiya Holding Group Club Quarters Mowbray Court Hotel The Marriott Munich

New York Life Provides $140M Loan for The Apartments at CityCenterDC

WASHINGTON, DC—New York Life Real Estate Investors is providing a $140 million loan financing the leasehold interest in The Apartments at CityCenterDC, a 458-unit multifamily building that is part of the mixed-use development by Hines and Qatari Diar. The loan, which has a fixed rate and a term of 10 years, is on behalf of institutional investors. “This loan represents the type of collateral we seek to have within our commercial loan portfolio,” said Eric Becher, senior director and head of New York Life Real Estate Investors' Northeast Regional Office.

NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.