JLL Arranges $32.5M Fannie Mae Loan For Multifamily Property In Long Island City

Ekstein Development has secured a $32,500,000 agency loan from Fannie Mae for a multifamily property located at 44-72 11th Street in Long Island City. The transaction was facilitated by JLL brokers Peter Rotchford, Michael Shmuely, Rob Hinckley, Michael Zaremski, and John Flynn.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $32,500,000
• Lender: Fannie Mae
• Landlord: Ekstein Development
• Brokers: Peter Rotchford, Michael Shmuely, Rob Hinckley, Michael Zaremski, and John Flynn - JLL
• Loan Type: Agency

The loan provided by Fannie Mae will support Ekstein Development in their multifamily property venture at 44-72 11th Street, Long Island City. JLL brokers, Peter Rotchford, Michael Shmuely, Rob Hinckley, Michael Zaremski, and John Flynn, played a crucial role in facilitating the transaction.