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East Coast Tower Gets Funding, Beacon Towers Seeks Some

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LONG ISLAND CITY?LIC is scheduled to get approximately a bazillion new apartments with TF Cornerstone's East Coast project, but who's paying for 'em? Apparently, Wells Fargo, M&T Bank, Bank of America, and Capital One, which together just gave the developer a $265 million loan for one of the complex's towers, 4545 Center Boulevard. The building is an 820-unit rental that should be finished in 2013. [CurbedWire Inbox]

HARLEM?The sales strategy at Harlem's Beacon Towers has consisted of some mind-boggling incentives, but the building is trying to sell out with something more standard: PriceChops! The last five units are now asking between $239,000 and $359,000. [CurbedWire Inbox]