Lions Group And Fetner Properties Secure $111.25 Million Bridge Loan From PGIM Real Estate

The Bold is a multifamily property located at 27-01 Jackson Avenue in Long Island City, Queens, featuring a total of 164 units. The property secured a bridge loan amounting to $111,250,000, facilitating its financial structuring in the current real estate market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $111,250,000
• Asset Address: 27-01 Jackson Avenue
• Market: Long Island City, Queens
• Lender: PGIM Real Estate
• Landlord: Lions Group & Fetner Properties
• Brokers: Christopher Peck, Nicco Lupo, Michael Shmuely & Alex Staikos - JLL
• Loan Type: Bridge

The transaction involved key representatives including Christopher Peck, Nicco Lupo, Michael Shmuely, and Alex Staikos, who acted as brokers under JLL, overseeing the negotiation and arrangement of the loan for the landlords, Lions Group and Fetner Properties.