TD Bank provided the debt
Quinlan Development Group and Lonicera Partners has secured a $75 million loan from TD Bank to refinance 415 Red Hook Lane (AKA 117 Livingston Street), according to TRD and Law360. The rental property spans 107,914 square feet, and contains 108 apartments, plus a retail component (13,475 square feet). Construction was completed in 2017.
Financing details: The new loan replaces previous debt provided by M&T Bank. It also includes a $22 million gap mortgage.