Maxim Capital Group Provides $25M Acquisition Loan For Development Site In Long Island City

A development site located at 24-02 Queens Plaza South in Long Island City has secured a $25 million acquisition loan from Maxim Capital Group. The property, owned by Montperia Group and JLS Construction, is set to undergo development.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $25,000,000
• Lender: Maxim Capital Group (Josh Greene, Adam Glick, & Billy Haber)
• Landlord: Montperia Group & JLS Construction
• Loan Type: Acquisition
• Location: 24-02 Queens Plaza South, Long Island City

The acquisition loan was provided by Maxim Capital Group, with representatives of the company including Josh Greene, Adam Glick, and Billy Haber. The property owners, Montperia Group and JLS Construction, will be responsible for overseeing the development of the site. The loan will enable the acquisition of the property and facilitate its transformation into a new development project.