The asset involved in this transaction is a development site located at 35-25 Steinway Street in Long Island City. It has a building square footage of 143,459 and is associated with a loan amount of $11,870,000. The market value pertains specifically to a residential development project in Astoria, Queens.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,870,000
• Loan Type: Bridge
• Loan Terms: 1 year plus 1 year
• Lender: Yanni Kouzilos & Douglas Romero - Ponce Bank
• Landlord's Attorney: Jane Chen - Usinger Law
• Lender's Attorney: Lisa Lim - Rosenberg & Estic

The deal was facilitated by Yanni Kouzilos and Douglas Romero of Ponce Bank, who provided financing as part of their ongoing commitment to support local community development. Jane Chen represented the landlord in the transaction, while legal representation for the lender was provided by Lisa Lim.