East End Capital Secures $193.6M Construction Loan For Sunnyside Industrial Building With Canyon Partners | 48-02 48th Avenue | Canyon Partners | Industrial | Loan

Summary

Loan

NEW YORK

Industrial

216,255 sqft

East End Capital has secured a new construction loan worth $193.6 million for the industrial building (F2) located at 48-02 48th Avenue in Sunnyside, Queens. The loan was obtained from Canyon Partners, represented by the entity Cred III-Sl Acquisition LLC.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $193,580,002
Square Footage: 216,255
Address: 48-02 48th Avenue, Sunnyside, Queens
Lender: Canyon Partners (represented by Luis A. Silva)
Landlord: East End Capital (represented by Jonathan K. Yormak)

The loan was secured for the industrial building at 48-02 48th Avenue in Sunnyside, Queens. Canyon Partners, represented by Luis A. Silva, provided a loan amount of $193,580,002 to East End Capital, represented by Jonathan K. Yormak. This loan will support the new construction project for the industrial building.

Players

All
1

Lenders
1

Canyon Partners

Details

Deal Summary

FINANCED

IMAGE: Jonathan K. Yormak DATE: 07/13/2023 ADDRESS: 48-02 48th Avenue MARKET: Sunnyside, Queens ASSET TYPE: Industrial ~ SF: 216,255 LENDER: Canyon Partners - Luis A. Silva LANDLORD: East End Capital (@EastEndCapital) - Jonathan K. Yormak LOAN AMOUNT: $193,580,002 NOTE: East End Capital secured a new construction loan valued at $193.6 million with Canyon Partners, represented by the entity Cred III-Sl Acquisition LLC, for the industrial building (F2) at 48-02 48th Avenue in Sunnyside, Queens.

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Address48-02 48th Avenue

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