RJ Capital Holdings Secures $65.4M Loan From Valley National Bank For Queens Mixed-use Tower

RJ Capital Holdings has secured a $65.4 million loan from Valley National Bank for their mixed-use tower located at 98-81 Queens Blvd. in Queens. The property boasts a strategic location on Queens Boulevard, offering excellent visibility and access to a high-traffic corridor. With its mixed-use designation, the asset encompasses both residential and commercial spaces, providing a versatile investment opportunity. This loan will undoubtedly support RJ Capital Holdings in further developing and maximizing the potential of this prime asset in Queens' market.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $65,400,000
• Lender: Valley National Bank
• Landlord: RJ Capital Holdings
• Address: 98-81 Queens Boulevard
• Market: Queens

RJ Capital Holdings, as the landlord, has successfully secured this $65.4 million loan through a partnership with Valley National Bank. This collaboration will provide RJ Capital Holdings with the financial resources required to enhance and explore the potential of their mixed-use tower in Queens. With a reputable lender like Valley National Bank, RJ Capital Holdings can leverage their expertise in developing the property to attract and serve a diverse range of tenants and residents. This loan is a strategic move that aligns with RJ Capital Holdings' vision to drive value creation and capitalize on the thriving real estate market in Queens.