Cape Advisors And Wainbridge Capital Acquire Dev Site In Astoria, Queens For $65M

Richard Mack, Shibber Khan, Adam Hakim, James Murad, and Craig D. Wood were involved in a recent first mortgage acquisition bridge loan transaction. The property involved in the deal is located at 30-77 Vernon Boulevard in Astoria, Queens, New York. The asset type of the property is a development site, with a size of 522,132 ZFA. The loan amount for the transaction was $65,000,000.

Summary of transaction details

• Property Type: Dev Site
• Transaction Amount: $65,000,000
• Address: 30-77 Vernon Boulevard, Astoria, Queens, New York
• Size: 522,132 ZFA
• Borrower/Buyer: Cape Advisors – Craig D. Wood and Wainbridge Capital
• Seller: Criterion Group

In addition to Craig D. Wood representing Cape Advisors and Wainbridge Capital as the buyer, other individuals involved in the deal include Richard Mack, Shibber Khan, Adam Hakim, and James Murad. The transaction was completed successfully, facilitating the acquisition of the development site by Cape Advisors and Wainbridge Capital from Criterion Group.