Crossroads Tower $40,000,000
Liberty Mortgage Acceptance Corporation closed and funded a $40,000,000 loan on Crossroads Tower. The loan provided for a long term, fixed rate non recourse loan with a 10 year term. Crossroads Tower is located at 80-02 Queens Blvd in Kew Gardens, Queens, New York. This property is a 372,489 sq. ft. office building whose tenants include: City of New York, Attorney Geral, the FBI, and Newsday.
Founded in 1992, California-based Liberty Mortgage Acceptance Corporation is a private mortgage lender specializing in the securitization of commercial real estate mortgages on apartments/multifamily, shopping centers, factory outlet centers, mobile home parks, light industrial or R&D, office buildings, hotels, and health care facilities nationwide. A direct lender, Liberty provides a highly liquid security to the investment community. For more information, please contact Liberty at 4980 Hillsdale Circle, El Dorado Hills, CA 95762; Phone (916) 568-0100; Fax (916) 568-0110; or E-Mail: info@libertymac.com.
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