Wells Fargo Provides $220M Construction Loan For Mixed-Use Property In Long Island City

Located at 2-33 50th Avenue in Long Island City, this mixed-use property has recently undergone a significant transaction. The deal took place on 12/21/2022, involving a loan from Wells Fargo.

Summary of transaction details:

• Property Type: Mixed use
• Transaction Amount: $220,000,000
• Lender: Wells Fargo
• Landlord: Domain Companies - Matt Schwartz, @TheVoreaGroup - Peter Papamichael & LMXD - David Dishy

The property, with its undisclosed square footage, has attracted attention due to its mixed-use nature. The loan provided by Wells Fargo, amounting to $220,000,000, has facilitated the completion of a construction project associated with the property. Notably, the transaction involved several key individuals and companies, including the landlords: Domain Companies - Matt Schwartz, @TheVoreaGroup - Peter Papamichael, and LMXD - David Dishy.