Real Estate
$140M Secured For Long Island Apartment Complex: Report
A development company has secured $140 million in refinancing for a Bay Shore apartment complex, Long Island Business News reports.
BAY SHORE, NY— Tritec Real Estate has secured $140 million in refinancing for their Shoregate apartment complex in Bay Shore, according to a report from Long Island Business News.
The outlet says Tritec was represented by JLL Capital Markets, which arranged the refinancing secured by Truist Financial Corporation, which also provided construction financing for the project.
According to LIBN, the 418-unit Shoregate was completed in 2024 and is a transit-oriented residential development located a block from the Bay Shore Long Island Rail Road station on the former Touro College site.
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