JP Morgan Chase Provides $14.6M Refinance Loan For Mixed-Use Asset In Long Island City

The property involved in this transaction is a mixed-use asset located at 40-05 Crescent Street in Long Island City. The asset comprises a total square footage of 45,775 and consists of 33 residential units. The loan amount for this property is $14,600,000 and it is categorized as a refinance transaction.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $14,600,000
• Square Footage: 45,775
• Units: 33
• Market: Long Island City
• Lender: JP Morgan Chase
• Brokers: Jake Kahn, Max Herzog & Marko Kazanjian - Institutional Property Advisors / Marcus & Millichap

The transaction features prominent brokers Jake Kahn, Max Herzog, and Marko Kazanjian, representing the interests of the involved parties through their affiliation with Institutional Property Advisors and Marcus & Millichap. Their expertise facilitated this refinancing deal with JP Morgan Chase, ensuring a smooth transaction process.