Turnbridge Real Estate Provides $15M Loan For Development Site In Jamaica, Queens

A development site located at 90-02 168th Street in Jamaica, Queens, recently secured a loan for $15,000,000. The asset type is a development site, and the market is Jamaica, Queens. The lender involved in the transaction is Turnbridge Real Estate Credit Strategies. The landlord is BRP Companies. The brokers representing the deal were Preston Flammang and Anthony D’Amelio. The loan terms are interest only.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $15,000,000
• Address: 90-02 168th Street
• Market: Jamaica, Queens
• Lender: Turnbridge Real Estate Credit Strategies
• Landlord: BRP Companies
• Brokers: Preston Flammang & Anthony D’Amelio
• Loan Terms: Interest Only

Preston Flammang, one of the brokers involved in the deal, expressed excitement about the project, stating, "This project is going to be a fantastic addition to an already burgeoning neighborhood. It was a pleasure working with both BRP and Turnbridge on the financing."