Foam Place Holdings LLC Secures $12.6M Construction Loan At 11-19 Foam Place

The development site located at 11-19 Foam Place in Far Rockaway, Queens, with a buildable square footage of 45,647 and 66 units, secured a $12.6 million construction loan from Popular Bank. The landlord, Pinches Abowitz, represented by Foam Place Holdings L.L.C., facilitated the loan for the development of a residential building.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $12,600,000
• Asset Type: Development Site
• Buildable Square Footage: 45,647
• Units: 66
• Address: 11-19 Foam Place, Far Rockaway, Queens
• Lender: Popular Bank
• Landlord: Pinches Abowitz
• Loan Type: Construction

Pinches Abowitz, represented by Foam Place Holdings L.L.C., successfully secured a $12.6 million construction loan from Popular Bank for the development of a residential building at 11-19 Foam Place in Far Rockaway, Queens.