Construction loan secured for US residential project
Dec 01, 2016 – Holliday Fenoglio Fowler (HFF) has secured $156M in financing for the second phase of a luxury residential complex on Long Island’s North Shore in the US.
The Ritz-Carlton Residences, Long Island, North Hills will feature a total of 244 two- and three-bedroom units.
Phase II of the project, currently under construction, will include the construction of 120 units covering a total area of about 25,100sq m. Each unit will comprise a minimum of two indoor parking spaces.
The first phase, which has already been completed, involved the construction of 120 apartments. It also involved the construction of a 2,300sq m clubhouse with an indoor swimming pool, fitness centre, resident lounge, private reception rooms, board room, billiards room, and a movie theatre.