Mordechai Schwimmer Secures $20.7M Refinance Loan For Astoria Development Site

A $20.7 million refinance loan has been secured by Mordechai Schwimmer for a residential development project located at 27-16 21st Street in Astoria, Queens. The development site consists of 49 units and has a buildable square footage (BSF) of 33,786.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $20,700,000
• Address: 27-16 21st Street, Astoria, Queens
• Market: Astoria, Queens
• BSF: 33,786
• Units: 49
• Lender: Peggy Lane - Bank of Princeton
• Landlord: Mordechai Schwimmer
• Loan Type: Refinance

Mordechai Schwimmer, represented by signatory Mordechai Schwimmer, successfully secured the $20.7 million refinance loan from Bank of Princeton to support the development project at 27-16 21st Street. This financing will contribute to the completion of the 49-unit residential development site in Astoria, Queens.