Parke Bank Provides $13.1M Construction Loan For Development Site In Jamaica, Queens

A development site located at 144-02 94th Avenue in Jamaica, Queens has been involved in a recent loan transaction. The property, with a building size factor (BSF) of 33,088, has attracted attention in the market. The loan, provided by Parke Bank, has a total amount of $13,064,725 and falls under the construction loan category. It is important to note that the landlord of the property is Maheshchand M. Ratanji.

Summary of transaction details:

• Property Type: Development site
• Transaction Amount: $13,064,725
• Address: 144-02 94th Avenue, Jamaica, Queens
• Market: Jamaica, Queens
• Building Size Factor (BSF): 33,088
• Lender: Parke Bank
• Landlord: Maheshchand M. Ratanji

The loan transaction involving the development site at 144-02 94th Avenue reveals the crucial role played by Parke Bank as the lender. Maheshchand M. Ratanji, the landlord of the property, has facilitated the loan process. This deal highlights the cooperation between the involved parties in the successful execution of a construction loan for the development site in Jamaica, Queens.