MLK Real Estate Capital arranges financing for RiverBrook’s new La Quinta hotel location in Long Island City
REAL ESTATE WEEKLY- http://rew-online.com/2015/02/26/lic-hotel-loan-closes/
COMMERCIAL OBSERVER- http://commercialobserver.com/2015/02/lic-la-quinta-hotel-to-rise-with-14m-from-u-s-trust/
Secured equity for a client on a $160M acquisition of a Class-A, Multi-Family property in Bayonne, New Jersey.
MLK Real Estate Capital arranged both the debt & equity financing two office building acquisitions in Austin, Texas: Center Creek Plaza, a three-story building located at 1812 Center Creek Plaza Drive and The Wells Fargo Tower, a five-story building located at 2028 East Ben White Boulevard. The two class B office properties total over 112,000 of rentable square feet.
Arranged a $14m construction loan on a $22m ground up Hotel construction project in Long Island City.
http://commercialobserver.com/2015/02/lic-la-quinta-hotel-to-rise-with-14m-from-u-s-trust/
MLK Real Estate Capital advised RiverBrook Equities on the financing of the firm’s newest La Quinta location, which will have 46 rooms. MLK and RBE replaced the existing construction loan with a new permanent take-out debt option.