Northeast Regional Office

“The Apartments at CityCenter is a truly one-of-a-kind property that offers luxury, convenience and amenities. We are thrilled to provide financing for this exceptional asset with strong institutional sponsorship.”
— Eric Becher, Senior Director

• $140MM leasehold mortgage loan
• 10-year term
• Newly constructed, 458-unit Class A luxury high-rise above ground floor retail and a 4-level underground garage
• The transaction is representative of New York Life’s core lending platform
• Property amenities include a 2-story fitness center, rooftop pool lounge and dog walk, business center, and 24-hour concierge
• Part of the larger mixed-use project known as CityCenter DC in the East End neighborhood
• Sophisticated retail and dining options include Gucci, Hermes, Louis Vuitton, Momofuku, and Del Frisco’s
• The property has excellent access to employment, transportation and area amenities

Source: REI Northeast Regional Office, December 2016.