Muss Development secures $75M loan for Forest Hills Tower

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Muss Development has secured a $75.4 million loan for the Forest Hills Tower at 118-35 Queens Blvd., The Real Deal reported.

The 16-story, 519,000-sq.-ft. property was once the headquarters of JetBlue Airways.

The loan was provided by AXA Equitable Life Insurance Co., which assumed the $72.8 million unpaid balance from a 2016 mortgage provided by Ladder Capital. The new loan package also includes a $2.5 million gap mortgage.

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