David Marx Of Marx Development Group Secures $105.6M Refinance Loan From Tel Aviv Stock Exchange In Flushing Queens

The asset involved in this transaction is a development site located at 71-21 Parsons Boulevard and 71-20 160th Street, situated in the Flushing market of Queens. The refinance deal involves a total loan amount of $105,600,000. The transaction pertains to the refinancing of two development sites, which previously had a debt amount of $67,000,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $105,600,000
• Lender: Tel Aviv Stock Exchange
• Landlord: David Marx - Marx Development Group
• Previous Debt Amount: $67,000,000

David Marx, representing Marx Development Group, facilitated this refinancing transaction via Utopia Realty LLC. The refinancing allows for further development opportunities in the Flushing area, following an adjustment from the prior debt amount to the current loan amount obtained from the bondholders of Tel Aviv Stock Exchange.