Ming’s Garden Realty Secures $60.25M Bridge Financing For Astoria Condo Tower | 26-01 4th Street | Libremax Capital, Slate Property Group | Sam Zhang | Condo | Loan

Summary

Loan

NEW YORK

Condo

40,034 sqft

The property at 26-01 4th Street in Astoria, Queens, is a 13-story, 143-unit condominium tower set for completion in Q1 2025. Ming’s Garden Realty secured $60.25 million bridge financing from Slate Property Group and LibreMax Capital for this property.

Summary of transaction details:

Property Type: Condo
Transaction Amount: $60,250,000
Asset Type: Condo
Square Footage: 40,034
Address: 26-01 4th Street
Market: Astoria, Queens
Lender: Libremax Capital & Daniel Ridloff - Slate Property Group
Broker: Sam Zhang - New Land Capital
Loan Terms: Two-year, floating-rate loan

Ming’s Garden Realty was the borrower in this transaction, securing the loan from Slate Property Group and Libremax Capital. Sam Zhang from New Land Capital represented the borrower on this deal.

Players

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4

Agents
1
Agencies
1
Lenders
2

Details

Deal Summary

FINANCED

IMAGE: Sam Zhang DATE: 02/28/2024 ADDRESS: 26-01 4th Street MARKET: Astoria, Queens ASSET TYPE: Condo ~ SF: 40,034 LENDER: Libremax Capital & Daniel Ridloff - Slate Property Group (@SlatePropertyGroup) BROKER: Sam Zhang - New Land Capital LOAN AMOUNT: $60,250,000 LOAN TERMS: two-year, floating-rate loan NOTE: Ming’s Garden Realty secures $60.25 million bridge financing from Slate Property Group and LibreMax Capital for its 13-story, 143-unit condominium tower in Astoria, Queens, set for completion in Q1 2025.

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Address26-01 4th Street

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