Tritec Real Estate has finalized $140 million in refinancing for its Shoregate apartment complex in Bay Shore, facilitated by JLL Capital Markets and financed by Truist Financial Corporation. This refinancing comes after the 418-unit Shoregate project was completed in 2024. Notably situated a block from the Bay Shore Long Island Rail Road station on the site of the former Touro College, the complex is designed to be a transit-oriented residential development, aligning with current urban living trends.
Tritec Real Estate has secured $140 million in refinancing for their 418-unit Shoregate apartment complex, a transit-oriented development located near the Bay Shore Rail Road station.
The refinancing, arranged by JLL Capital Markets and backed by Truist Financial Corporation, follows the completion of Shoregate in 2024 on the site of the former Touro College.
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