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

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FINANCED
$54,000,000

New York

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Mixed-use
Financed
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FINANCED

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

31-90 29th Street

See Similar Deals
Mixed-use
Financed
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Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan

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.

Players

Keith Hoffman
7 deals$359.7M volume
LENDER

Jack Tawil
Dwight Capital
3 deals$135.2M volume
LENDER

Details

FINANCED
IMAGE: Keith Hoffman & Jack Tawil DATE: 2/26/2026 ADDRESS: 31-90 29th Street MARKET: Astoria ASSET TYPE: Mixed-use ~ UNITS: 96 (4 Commercial & 92 Residential) LENDER: Keith Hoffman & Jack Tawil - Dwight Capital (@DwightCap) LANDLORD: Tsilo Group LOAN AMOUNT: $54,000,000 LOAN TYPE: Refinance NOTE FROM LENDER: “We couldn’t be happier with Dwight Capital. Keith Hoffman and Jack Tawil were truly exceptional, completely transparent, and deeply knowledgeable from day one,” Demetri Tsilogiannis of Tsilo Group stated. “It was a complex new-construction deal, but they handled everything very smoothly and helped us close the $54 million financing on The Amara, our 92-unit mixed-use building in the heart of Astoria. We’re grateful and would partner with Dwight again in a heartbeat.”

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$54,000,000.00

Monthly NOI$360,000.00
Monthly Debt Service$341,316.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00