Tishman Speyer Obtains $1 Billion Loan From Wells Fargo In Long Island City

The property at 2840 Jackson Ave, Queens, NY, 11101 in Long Island City, is a MultiFamily asset. The loan for this property, facilitated on 09/27/2019, involved a substantial amount of $1,000,000,000.00 provided by Wells Fargo.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,000,000,000.00
• Address: 2840 Jackson Ave, Queens, NY, 11101
• Borrower: Tishman Speyer
• Borrower's Representatives: Michael Gigliotti(JLL), Michael "Mike" Tepedino(JLL)
• Lender: Wells Fargo

The deal's key individuals included Michael Gigliotti and Michael "Mike" Tepedino from JLL who represented the borrower, Tishman Speyer, in securing the $1,000,000,000.00 loan from Wells Fargo. It highlights the critical roles played by these individuals in ensuring the successful completion of this significant financial transaction.