Madison Realty Capital And Naftali Capital Partners Provide $125 Million Construction Loan For Development Site In Forest Hills

The property involved in the transaction is a development site located at 70-28 Grand Central Parkway in Forest Hills. The loan amount secured for this project is $125,000,000, classified as a construction loan.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $125,000,000
• Lender: Madison Realty Capital & Naftali Capital Partners
• Landlord: RJ Capital Holdings & Top Rock Holdings
• Landlord's Representative: Morris Betesh, Eli Serebrowski, Alex Bailkin & Matt OHanlon - Arrow Real Estate Advisors
• Loan Type: Construction

The transaction features significant participation from major stakeholders, including the lenders Madison Realty Capital and Naftali Capital Partners, who are financing the construction. The landlord representation is provided by Morris Betesh, Eli Serebrowski, Alex Bailkin, and Matt OHanlon, all affiliated with Arrow Real Estate Advisors.