Montperia Group Secures $115 Million Construction Loan From Maxim Capital Group For Development Site

The property involved in the transaction is a development site located at 24-02 Queens Plaza South in Long Island City. The loan amount secured for this property is $115,000,000, provided by Maxim Capital Group for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $115,000,000
• Lender: Maxim Capital Group
• Lender's Representatives: Josh Greene & Adam Glick
• Landlord: Montperia Group
• Landlord's Representative: Morris Betesh, Alex Bailkin, Matt OHanlon & Andrew Rosenberg
• Landlord's Representative Agency: Arrow Real Estate Advisors

This transaction involves key representatives identifying the involved parties. Montperia Group, as the landlord, is represented by Morris Betesh, Alex Bailkin, Matt OHanlon, and Andrew Rosenberg of Arrow Real Estate Advisors, showcasing the collaborative efforts in securing the loan for the development project.