G4 Capital Partners Provides $74.5M Construction Loan For Long Island City Multifamily Property

An undisclosed property in Long Island City has been involved in a recent transaction. The property is a multifamily asset with a total square footage of 165,000 and consists of 175 units. The address of the property is 2531 39th Ave.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $74,500,000
• Lender: G4 Capital Partners
• Representatives: Jason Behfarin, Robyn Sorid, Robert Palumbo, Chris Goetz, and Charles Russell
• Broker: Henry Bodek - Galaxy Capital
• Loan Type: Construction
• Date: 06/02/2022

The lenders involved in this transaction were G4 Capital Partners. The representatives from G4 Capital Partners who played a key role in this deal were Jason Behfarin, Robyn Sorid, Robert Palumbo, Chris Goetz, and Charles Russell. The loan amount for this transaction was $74,500,000. The loan type was construction. Henry Bodek from Galaxy Capital acted as the broker for this deal.