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10-04 Borden Avenue
FINANCED

360 Capital Funding Provides $23.5M Construction Loan For Development Site In Long Island City

10-04 Borden Avenue

Development Site
clock iconFinanced 1 year ago
Max Herzog
Marko Kazanjian
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Summary

Loan
NEW JERSEY
Development Site

A construction loan of $23,500,000 was secured for a development site located at 10-04 Borden Avenue in Long Island City. The lender for this transaction is 360 Capital Funding, represented by Andrew Waldman. The landlord, Vorea, is represented by Peter Papamichael. Marko Kazanjian and Max Herzog of JLL served as the brokers in this deal.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $23,500,000
  • Lender: 360 Capital Funding - Andrew Waldman
  • Landlord: Vorea - Peter Papamichael
  • Brokers: Marko Kazanjian & Max Herzog - JLL

The construction loan secured for this development site in Long Island City marks a significant step in the project's financing. The involvement of 360 Capital Funding as the lender, represented by Andrew Waldman, underlines the confidence in the site's potential. With Vorea as the landlord, represented by Peter Papamichael, and the expert guidance of Marko Kazanjian and Max Herzog from JLL as the brokers, this deal brings together key individuals and companies to facilitate the development of the site.

Players

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    4

  • Agents

    2

  • Agencies

    1

  • Lenders

    1

Max Herzog's profile picture
Max Herzog
Institutional Property Advisors-image
Senior Managing Director
$288.5M Sold
Marko Kazanjian's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Andrew Waldman, Peter Papamichael, Marko Kazanjian & Max Herzog DATE: 01/09/2023 ADDRESS: 10-04 Borden Avenue MARKET: Long Island City ASSET TYPE: Development Site LENDER: 360 Capital Funding - Andrew Waldman LANDLORD: Vorea - Peter Papamichael BROKERS: Marko Kazanjian & Max Herzog - JLL LOAN AMOUNT: $23,500,000 LOAN TYPE: Construction

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Address10-04 Borden Avenue

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