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Report: Muss Development secures $75M financing for NY property

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Report: Muss Development secures $75M financing for NY property

New York-focused property company Muss Development LLC scored a $75.4 million loan for its 16-story, 519,000-square-foot Forest Hills Tower property, The Real Deal reported.

The loan, provided by AXA Equitable Life Insurance Co., includes a $2.5 million gap mortgage, according to the report. AXA assumed the $72.8 million unpaid balance from a 2016 mortgage from Ladder Capital.

The building at 118-35 Queens Blvd. houses various city agencies.

The publication noted that it could not immediately retrieve a comment on the matter from Muss.