Omni New York Secures $170M Construction Financing For Mixed-Use Property In Jamaica, New York

Maurice “Mo” Vaughn and Eugene Schneur of Omni have closed on a mixed-use property located at 92-23 168th Street in Jamaica, New York. The property, with an undisclosed market value, was involved in a recent closed transaction. The deal involved a construction financing loan from the Housing Development Corporation in the amount of $170,000,000. The property is owned by Omni New York, Affordable Housing Developers.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $170,000,000
• Lender: Housing Development Corporation
• Landlord: Omni New York, Affordable Housing Developers

Maurice “Mo” Vaughn and Eugene Schneur of Omni were the key individuals involved in this deal, representing Omni. The involvement of the Housing Development Corporation as the lender highlights the financing aspect of the transaction. The property, located in Jamaica, offers potential for mixed-use development.