Sam Chang Secures $110 Million Construction Loan For Hotel At 131-02 40th Road In Flushing

The property asset involved in this transaction is a hotel located at 131-02 40th Road in Flushing. The asset has 800 keys and is part of a construction loan arrangement with a total loan amount of $110,000,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $110,000,000
• Loan Type: Construction
• Lender: Adam Glick & Josh Greene - Maxim Capital Group; Matt Meltsner & Candace Chao - Jemm Capital Partners
• Landlord: Sam Chang
• Broker: Emanuel Westfried

The deal involves key individuals including Adam Glick and Josh Greene from Maxim Capital Group, as well as Matt Meltsner and Candace Chao from Jemm Capital Partners. The landlord of the property, Sam Chang, is also a significant participant in this transaction, with Emanuel Westfried serving as the broker facilitating the arrangement.