VAJA Group Secures $70 Million Construction Loan From Be Aviv For Development Site In Astoria

The property asset involved in this transaction is a development site located at 35-10 12th Street in Astoria, Queens, which includes 152 units. The total loan amount secured for this project is $70 million, designated for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $70,000,000
• Address: 35-10 12th Street
• Market: Astoria, Queens
• Units: 152
• Lender: Ben Harlev - Be Aviv
• Landlord: Moses Freund - VAJA Group
• Loan Type: Construction

This loan transaction marks a significant engagement between VAJA Group and Be Aviv, with Moses Freund representing VAJA Group in securing the financial support needed for the development project at this location.