Century Development Group Secures $43.4 Million Construction Loan For Condo In Flushing

The asset involved in the transaction is a condo located at 135-01 35th Avenue in the Flushing market. The property has a loan amount of $43,400,000 secured through a construction loan.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $43,400,000
• Lender: Mimi Vu & Darren Horowitz - Bank Hapoalim
• Landlord: Century Development Group
• Landlord's Representative: Morris Betesh, Omar Ferreira, Jacob Petrovic & Jonah Schultz - Arrow Real Estate Advisors
• Loan Type: Construction

The individuals involved in this transaction include the lender representatives Mimi Vu and Darren Horowitz from Bank Hapoalim overseeing the loan arrangements. The landlord, Century Development Group, is represented in this deal by Morris Betesh, Omar Ferreira, Jacob Petrovic, and Jonah Schultz, all affiliated with Arrow Real Estate Advisors.