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New York & Tri-State  + Outer  + Finance  |  July 13, 2023
Emily Fu
By: Emily Fu

Slate Property Group Secures $85M Refi for LIC MF Property 

Slate Property Group has closed an $85 million refinancing deal for Dutch House, a 186-unit multifamily property in Long Island City.  

Developed by Slate Property Group and Avenue Realty Capital, Dutch House is an eight-story building with retail space on the ground floor. The financing package was provided by PCCP and will be used to retire the existing construction financing facility.  

The project, completed in early 2022, features studio, one-bedroom, and two-bedroom apartments, with some units designated as affordable housing. Amenities include a concierge service, fitness center, recreation room, rooftop terrace, and more.  

Slate and ARC have partnered on multiple residential transactions, including the recent purchase of 600 Columbus Avenue and a development site in Brooklyn. 

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Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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