Tishman Speyer: Citigroup, Hudson Housing Capital Provide $160M Loan for Queens Housing Complex

Tishman Speyer has secured $166 million in construction financing to build Edgemere Commons A2, a 100 percent affordable housing property with 244 units in Far Rockaway, Queens, Commercial Observer has learned. CitiGroup's Citi Community Capital provided the senior credit, an $80 million construction letter of credit, while Hudson Housing Capital provided an equity investment by [...]