Meshulem Twersky Secures $28.5 Million Refinance Loan From Haim Dadi In Astoria Queens

The property involved in this transaction includes two residential elevator buildings located at 31-59 Vernon Boulevard & 11-24 31st Drive in Astoria, Queens. The multifamily asset has a total of 102 units, a building size of 79,712 BSF, and a total square footage of 75,640. The loan was secured by the landlord, Meshulem Twersky, for refinancing purposes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,500,000
• Address: 31-59 Vernon Boulevard & 11-24 31st Drive
• Market: Astoria, Queens
• Units: 102
• Lender: Haim Dadi - Golden Bridge Funding
• Landlord: Meshulem Twersky
• Loan Type: Refinance
• Prior Debt Amount: $20,000,000
• Previous Lender: S3 Capital

Haim Dadi is the representative of Golden Bridge Funding in this transaction. Meshulem Twersky undertook this refinancing to replace existing debt obligations, enhancing the financing structure for the two multifamily buildings in Astoria.