L+M lands $53M construction loan for East Village rental

L+M Development Partners scored a $52.8 million loan from TD Bank for the construction of its rental project at 79 Avenue D in the East Village. The loan is backed by the New York State Housing Finance Agency, which issued $52.8 million in tax-exempt and taxable housing revenue bonds purchased by TD Bank, according to a representative from L+M. The developer is planning a 12-story building that will feature 22 units of permanently affordable housing and … [more]

Source: Real Estate

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