A joint venture between World Wide Group and Rabina secured a sizable loan to refinance a Long Island City rental tower. KKR provided a $160.2 million loan to ownership at 41-42 24th Street in the Queens neighborhood, the Commercial Observer reported. The loan goes toward the 421-unit QLIC, which opened its doors to residents more than a decade ago. “QLIC exemplifies the type of high-quality, stabilized asset we look to support, with durable cash flow, high occupancy, and a prime, transit-oriented location in Long Island City,” KKR managing director Adam Simon said in a statement. A JLL team led by […]

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