Tsilo Group Secures $54 Million Refinance Loan From Keith Hoffman & Jack Tawil In Astoria

The property involved in this transaction is a mixed-use building located at 31-90 29th Street in Astoria. The asset includes a total of 96 units, comprising 4 commercial spaces and 92 residential units. The loan secured for this property was a refinance totaling $54,000,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $54,000,000
• Lender: Keith Hoffman & Jack Tawil - Dwight Capital
• Landlord: Tsilo Group
• Date: 2/26/2026

Key individuals in this transaction include Demetri Tsilogiannis from Tsilo Group, who expressed his satisfaction with Dwight Capital, highlighting the exceptional service provided by Keith Hoffman and Jack Tawil. The complexity of the new-construction deal was effectively managed by the lender, resulting in a successful financing closure for The Amara.