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Maxim Capital Provides $7M Bridge Loan For Astoria Development Site

3075 21st Street
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This Development Site property located in NY received a loan of $7,000,000 about 2 years ago. The broker of the deal was Peter Cohen

Located in Astoria, the development site at 3075 21st Street has recently undergone a closed transaction. The property boasts a buildable square footage (BSF) of 40,000, making it an attractive opportunity for developers in the area.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Date: 01/20/2022
  • Address: 3075 21st Street
  • Market: Astoria
  • Asset Type: Development Site
  • BSF: 40,000

Janos Kanta, the landlord, facilitated this closed transaction. The financing for the deal was provided by Maxim Capital, with Josh Greene and Adam Glick representing the lender. Acting as the broker for the transaction was Peter Cohen from Leviathan Capital.

The loan amount for the transaction was $7,000,000, classified as a bridge loan. This financial arrangement provides short-term funding to bridge the gap between the purchase of the development site and securing long-term financing options.

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Deals
  • Location
    3075 21st Street, Astoria, NY 111023075 21st Street, Astoria, NY 11102
  • Loan Value
    $7,000,000$7,000,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Broker, 1 Lender1 Broker, 1 Lender

Agent

Peter Cohen

Peter Cohen

Deals7
Financed$38.5M

Maxim Capital Group

Maxim Capital Group

Lender
Deals38
Volume$ 206.7B

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Deal Summary

LOAN IMAGE: Peter Cohen, Josh Greene & Adam Glick DATE: 01/20/2022 ADDRESS: 3075 21st Street MARKET: Astoria ASSET TYPE: Development Site ~ BSF: 40,000 LENDER: Maxim Capital (@MaximCapitalGroup) - Josh Greene & Adam Glick LANDLORD: Janos Kanta BROKER: Peter Cohen - Leviathan Capital (@LeviathanCapital) LOAN AMOUNT: $7,000,000 LOAN TYPE: Bridge

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3075 21st Street

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