Minskoff Grant Realty & Management Secures $15.3M Refinance Loan From Flushing Bank In Rego Park

The properties involved in the transaction are located at 95-12 63rd Road, 97-24 63rd Road, and 97-48 63rd Road in Rego Park, Queens. These mixed-use assets encompass a total of 53,950 square feet of built space and offer 94,608 square feet of air rights. The refinance loan secured for these properties is $15,300,000, facilitating further investment and development potential.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $15,300,000
• Lender: Flushing Bank
• Landlord: Francis C. Grant III
• Management Company: Minskoff Grant Realty & Management

The refinance transaction was facilitated by Flushing Bank, providing financial support to Francis C. Grant III, who represents Minskoff Grant Realty & Management. The strategic refinancing aims to optimize the properties' financial standing and open avenues for future enhancements.