NEW YORK CITY — Slate Property Group, a New York-based owner, operator and developer, has closed on an $86.3 million refinancing for Dutch House. Slate Property Group and Avenue Realty Capital developed the 186-unit community at 37-05 30th St. in Long Island City in 2022. The eight-story building features 21,000 feet of ground-floor retail and is fully leased. Walker & Dunlop arranged the loan through Ares Capital Management. The financing retires a PCCP facility previously arranged by the same Walker & Dunlop team in 2023. Residential units at Dutch House include studio, one- and two-bedroom floor plans. Approximately 56 apartments are set aside as affordable at undisclosed rent restrictions. Amenities include a lobby with concierge service, a fitness center, bike storage, recreation room with a pool table and a rooftop terrace with barbeque grills and views of the Manhattan skyline.
Slate Property Group has obtained an $86.3 million refinancing loan through Ares Capital for Dutch House in Long Island City in Queens, N.Y. Walker & Dunlop was the arranger. Slate and Avenue Realty Capital developed the property in 2022. (Image courtesy of Slate Property Group)
Slate Property Group Lands $86.3M Refinancing for Dutch House in Queens, New York
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