Wells Fargo Provides $55M Floating-Rate Loan For Flushing Mixed-Use Property

144-74 Northern Boulevard, Flushing, NY, USA

$55,000,000

$364/SF

Building Size

151,007 SF

Asset Type

Mixed-use

Closing

Jul 29, 2021

AI

The mixed-use property located at 144-74 Northern Boulevard in Flushing was involved in a closed transaction on July 30, 2021. The property is owned by Skyview Companies and was financed by a $55,000,000 loan provided by Wells Fargo. The loan terms are floating-rate and LIBOR-based. Morris Betesh and Omar Ferreira of Meridian Capital Group represented the landlord in the deal.

Summary of transaction details:

Property Type: Mixed-use
Transaction Amount: $55,000,000
Date: 07/30/2021
Address: 144-74 Northern Boulevard
Market: Flushing

Morris Betesh and Omar Ferreira, from Meridian Capital Group, served as the brokers representing the landlord, Skyview Companies, in this transaction.

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