BridgeCity Capital Provides $27M Construction Loan For Mixed-Use Development In Long Island City | 23-17 41st Avenue | Omar Ferreira, Morris Betesh | Mixed-use | Loan

Summary

Loan

NEW YORK

Mixed-use

36,714 sqft

A construction loan has been secured for a mixed-use and residential condominium property located at 23-17 41st Avenue in Long Island City, Queens. The property spans approximately 36,714 square feet.

Summary of transaction details:

Property Type: Mixed-use & Residential Condominiums
Transaction Amount: $27,000,000
Address: 23-17 41st Avenue
Market: Long Island City, Queens

The property is owned by Jasper Wu and Michael Wang, and the loan has been provided by BridgeCity Capital, with Allan Lebovits and Louis Lebovits representing the lender. The brokers for the deal are Morris Betesh and Omar Ferreira from Meridian Capital Group.

Players

All
3

Agents
2
Agencies
1

Omar Ferreira

Vice President

Morris Betesh

Senior Managing Director

$754.4M Sold

Meridian Capital Group

Details

Deal Summary

FINANCED

IMAGE: Jasper Wu, Louis Lebovits, Michael Wang, Allan Lebovits, Morris Betesh & Omar Ferreira DATE: 08/31/2023 ADDRESS: 23-17 41st Avenue MARKET: Long Island City, Queens ASSET TYPE: Mixed-use & Residential Condominiums ~ SF: 36,714 LANDLORD: Jasper Wu & Michael Wang LENDER: BridgeCity Capital- Allan Lebovits and Louis Lebovits BROKERS: Morris Betesh & Omar Ferreira - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $27,000,000 LOAN TYPE: Construction

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Address23-17 41st Avenue

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