City: Bethlehem

Boyd Wilson LLC has paid $97 million, or $252,604/unit for the 384-unit Landings apartment property in Bethlehem, Pa. The Lancaster, Pa., investment manager purchased the property, at 1818 Catasauqua Road, from an investor group, Valley Park South LLC. To fund ...

The buyer has lined up $31.5 million of financing from CIT Bank.

Ackman Ziff arranged for a 10-year, fixed-rate loan through Citibank to fund the purchase. The debt is expected to be securitized.