Quadrum, Simon Baron get $150M AIG loan for LIC tower

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AIG has provided just over $200 million to Simon Baron Development to upsize previous construction debt on Alta+ LIC, the developer’s Long Island City, Queens residential tower, according to records filed today with the New York City Department of Finance.

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Katten Muchin Rosenman LLP represented American General Life Insurance Co. in connection with its $150 million construction loan to Haynes and Boone LLP-counseled Simon Baron Development LLC for a.

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Quadrum Global and Simon Baron Development obtained a $150 million construction loan for their 42-story Long Island City rental project, the developers told The Real Deal. AIG is serving as the lender.

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http://politi.co/2ihMLYU GOOD THURSDAY MORNING: Welcome to POLITICO New York Real Estate. This roundup is for. http://bit.ly/2h3kpRm -"Quadrum, Simon Baron get $150M AIG loan for LIC tower," by The.