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

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FINANCED
$111,000,000
Nicco Lupo
Michael Shmuely
Christopher (Chris) Peck
+ 1

New York

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MultiFamily
Financed
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FINANCED

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

27-01 Jackson Avenue

See Similar Deals
MultiFamily
Financed
Nicco Lupo
Michael Shmuely
Christopher (Chris) Peck
+ 1
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Christopher (Chris) Peck
JLL
Christopher Peck
70 deals$14.6B volume(212) 632-1812
BROKER
Alex Staikos
JLL
Alex Staikos
33 deals$4.5B volume
BROKER
Michael Shmuely
JLL
Michael Shmuely
26 deals$2.4B volume
BROKER
Nicco Lupo
JLL
Nicco Lupo
44 deals$8.8B volume
BROKER
FP
Fetner Properties
LANDLORD

Details

FINANCED
IMAGE: Christopher Peck, Nicco Lupo, Michael Shmuely & Alex Staikos DATE: 2/27/2026 ADDRESS: The Bold - 27-01 Jackson Avenue MARKET: Long Island City, Queens ASSET TYPE: Multifamily ~ UNITS: 164 LENDER: PGIM Real Estate (@PGIM) LANDLORD: Lions Group & Fetner Properties (@FetnerNYC) BROKERS: Christopher Peck, Nicco Lupo, Michael Shmuely & Alex Staikos - JLL (@JLL) LOAN AMOUNT: $111,250,000 LOAN TYPE: Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$111,000,000.00

Monthly NOI$740,000.00
Monthly Debt Service$701,595.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00