CBRE Facilitates Sale, Acquisition Financing for 207-Unit Multifamily Property in Mohegan Lake, New York
MOHEGAN LAKE, N.Y. — CBRE has brokered the sale of The Landing on Mohegan Lake, a 207-unit multifamily community located in Mohegan Lake. An affiliate of Ginsburg Development Cos. acquired the property from an international investment advisor for an undisclosed price. Jeffrey Dunne, Gene Pride and Eric Apfel of CBRE represented the seller in the deal. James Gunning and Donna Falzarano of CBRE Debt & Structured Finance represented the buyer in procuring a 10-year loan through Freddie Mac for the acquisition of the property. Completed in 1999, the community features a clubhouse, fitness center and outdoor pool with sundeck.