Thursday, November 24, 2016

HFF arranges $29.5 million in construction financing for Long Island, NY active adult development

The Vineyards at Blue Point Condominiums, Phase 2, Blue Point, Long Island, NY

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $29.5 million in construction financing for Phase II of The Vineyards at Blue Point, an active adult condominium community (age 55+) in Blue Point (Long Island), New York.

Working exclusively on behalf of Ornstein Leyton Company (OLC) and Latus Partners, HFF arranged the construction loan with Bank of the Ozarks.

Evan Pariser
HFF has significant history with the project.  The firm first assisted OLC in arranging the relationship with Latus Partners and securing initial land acquisition financing. 

 HFF then aided the developers in securing construction financing for the development of Phase I of the community, which totals 74 units and includes the clubhouse, model units and the entry gatehouse.  Phase II will comprise an additional 84 units.

The Vineyards at Blue Point is located on a 65-acre site on the south side of Sunrise Highway close to the south shore beaches of Long Island and Great South Bay in Blue Point.  Upon completion, the 280-unit project will encompass 44 buildings with townhomes and single-level flats.

 The units will all be two-bedroom/two-bath with nine-foot ceilings, oversized master bathrooms, in-unit washer/dryers and attached garages.  Community amenities include a heated outdoor swimming pool and bocce court along with the Vineyards Club, which houses a fitness center, numerous social rooms and lounge space.

The HFF team representing the developer was led by senior managing director Evan Pariser.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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