George Xu Secures $29.7M Refinance Loan For 90-Unit Building In Jamaica, Queens

The property involved in the transaction is a multi-family residential elevator building located at 148-31 90th Avenue in Jamaica, Queens. The asset spans 101,540 square feet and consists of 90 units.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $29,700,000
• Address: 148-31 90th Avenue
• Market: Jamaica, Queens
• Lender: Aaron Krawitz - Bravo Capital
• Landlord: George Xu - Century Development Group
• Loan Type: Refinance

Century Development Group, represented by George Xu, successfully closed a $29.7 million refinance loan with Bravo Capital for the mentioned property. This transaction marks a significant financial move for the parties involved, securing a beneficial loan arrangement for the 90-unit residential building in Jamaica, Queens.