Wells Fargo Provides $364.8M Loan For Development Site In Queens

The development site located at 43-30 & 43-16 24th Street in Queens has recently closed a loan transaction. The loan, amounting to $364,800,000, was provided by Wells Fargo. The property, owned by Carmel Partners and represented by Ron Zeff, is a prime asset for development in the Queens market.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $364,800,000
• Lender: Wells Fargo
• Landlord: Carmel Partners - Ron Zeff
• Address: 43-30 & 43-16 24th Street
• Market: Queens

The loan transaction was facilitated by Wells Fargo, a prominent lending institution. Carmel Partners, represented by Ron Zeff, acted as the landlord in the deal. This transaction marks a significant investment in the development site, showcasing the potential for growth in the Queens market.