Lions Group And Fetner Properties Secure $107 Million Financing For Mixed-Use Tower In Long Island City

A mixed-use tower named The Bold, located at 27-01 Jackson Avenue in Long Island City, Queens, features an asset valued at approximately $150,000,000. This property encompasses a total of 150,000 square feet.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $107,000,000
• Lender: Valley Bank, IDB Bank
• Mezzanine Loan Provider: Mavik Capital Management
• Landlord: Aaron Shirian - Lions Group
• Broker Representatives: Alex Fetner & Hal Fetner - Fetner Properties

The financing arrangement secured by Lions Group and Fetner Properties includes $80 million from Valley Bank and IDB Bank, alongside a $27 million mezzanine loan from Mavik Capital Management. Vik Uppal and Dan Cooperman are noted as representatives from Mavik Capital involved in this transaction.