EB-5 Developer, Lightstone, Announces Financings of $462 Million Through the First Half of 2016
Lightstone, a prominent, privately held real estate company, announced today that through the first six months of 2016 it has secured financings totaling $462 million. The financings, from the world’s most prominent banking and lending companies, are secured by an investment portfolio consisting of hospitality, land and multifamily projects. In fact, since the beginning of 2015 Lightstone has secured total financings of $617 million.
“We are pleased to partner with the world’s leading financial institutions to further drive our investments throughout the United States,” said David Lichtenstein, Chairman and CEO of Lightstone. “These partnerships demonstrate the continued confidence the lending community has in Lightstone and our world-class property developments.”
Additionally, after two sold out EB-5 projects, Lightstone recently launched its third, The Wall Street Tower. Located in downtown Manhattan this luxury condominium project has started to raise $100 million.
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