$3M LIC racquet club loan arranged.CapitalSource Finance LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced that it has provided a $3,400,000 senior leasehold construction loan to facilitate the construction of the City View Tennis and Racquet Club The Tennis and Racquet Club is located at 939 Boylston Street, in the Back Bay neighborhood of Boston, Massachusetts. It is a contributing structure in the National Register Historic District. Designed by Parker and Thomas in the classical revival style, and built by Frank L. above an existing three-story office building in Long Island City, Queens Long Island City (often abbreviated L.I.C.) is the western-most neighborhood of the borough of Queens in New York City. It is bounded on the north and west by the East River; on the east by Hazen Street, 49th Street , NY. The property will be a 65,000 square-foot, state of the art indoor tennis and health club facility containing seven tennis courts, four squash courts, a clubhouse, a fitness center, steam and sauna rooms, a cafe and a lounge area. The common areas, including the cafe and lounge, will have unimpeded views of the Manhattan skyline and the Queensborough Bridge. The facility will be a "members-only" complex. The sponsor of the transaction is an active developer and owner of commercial and residential real estate in the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of area. Additionally, the management team currently operates many tennis facilities throughout the New York Metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. . "There is strong demand for tennis court facilities throughout New York and particularly in/ near Manhattan and the demand continues to increase due to the closing of facilities," noted George Kruse, Investment Officer in the New York office of CapitalSource. "The property is well located ... and will become a unique, high-end tennis and racquet club." |
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