FINANCED
Rybak Development Secures $71M Construction Loan From Valley National Bank For The Austin Condominiums In Forest Hills, Queens
78-29 Austin Street
Development Site
Financed 114 days ago
Summary
Loan
NEW YORK
Development Site
Rybak Development has secured $71 million in construction financing from Valley National Bank for its upcoming 98-unit condominium project, The Austin. The development site is located at 78-29 Austin Street in Forest Hills, Queens.
Summary of transaction details
- Property Type: Development Site
- Loan Amount: $71,000,000
- Lender: Valley National Bank
- Landlord: Sergey Rybak - Rybak Development
- Brokers: Aaron Niedermayer & Robert Tonnessen - JLL
The loan was secured by Rybak Development for the construction of The Austin, a 98-unit condominium project. Sergey Rybak, the landlord and developer, has partnered with Valley National Bank for financing. The brokers, Aaron Niedermayer and Robert Tonnessen from JLL, facilitated the loan transaction.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Aaron Niedermayer, Sergey Rybak & Robert Tonnessen
DATE: 01/10/2024
ADDRESS: 78-29 Austin Street
MARKET: Forest Hills, Queens
ASSET TYPE: Development Site
LENDER: Valley National Bank (@ValleyBank)
LANDLORD: Sergey Rybak - Rybak Development (@RybakDev)
BROKERS: Aaron Niedermayer & Robert Tonnessen - JLL (@JLL)
LOAN AMOUNT: $71,000,000
LOAN TYPE: Construction
NOTE: Rybak Development has secured $71 million in construction financing from Valley National Bank for its upcoming 98-unit condominium project, The Austin, located at 78-29 Austin Street in Forest Hills, Queens.View on map
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Address78-29 Austin Street
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