Meridian Capital Group arranged the financing package for the Class A multifamily property.
Completed last year, the property is roughly midway between Dallas and Fort Worth.
The financing will go toward building a mixed-income community in the Mott Haven neighborhood.
The company has expanded its portfolio with the acquisition of two properties totaling more than 700 units.
The 23-story building will rise in Lower Manhattan near the foot of the Brooklyn Bridge.
The continuation of the moratorium drew criticism from industry organizations.
After taking a nosedive last year, apartment rents in major tech cities appear to have bottomed out and are now on an upward trajectory, according to a CBRE report.
The financing will be used to develop a 13-story mixed-use property on the Upper East Side.
