Greystone Provides $25.2 Million Loan For Netherbay At Bay Shore Development Site

Greystone has provided a $25.2 million HUD-insured loan for the Netherbay at Bay Shore project in Long Island City. The development site, located at the address of Netherbay at Bay Shore, holds great potential for growth and expansion. It is situated in a desirable market, which adds to its value. The loan amount of $25.2 million will facilitate the development of this property and contribute to its success in the Long Island City market.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $25,200,000
• Lender: Greystone - Lisa Fischman
• Landlord: Charles Ferraro & Nicholas Racanelli
• Market: Long Island City

Lisa Fischman, representing Greystone, played a crucial role in securing the loan for the Netherbay at Bay Shore project. Her expertise and experience in the industry contributed to the successful transaction. Charles Ferraro and Nicholas Racanelli, the landlords of the development site, were instrumental in initiating this deal and partnering with Greystone. Their vision and strategic approach will drive the success of the project in the highly sought-after market of Long Island City.