ZD Jasper & Ascent Development Secures $100M Loan For Multifamily Project In Long Island City | 45-30 Pearson Street | Preferred Bank | Omar Ferreira, Morris Betesh | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

1,250 sqft

A multifamily property located at 45-30 Pearson Street in Long Island City has recently been involved in a loan transaction. The property, owned by ZD Jasper & Ascent Development, is part of a 130-unit multifamily project in the area. The deal was facilitated by Morris Betesh and Omar Ferreira from Meridian Capital Group.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $100,000,000
Address: 45-30 Pearson Street
Market: Long Island City
Lender: Preferred Bank
Landlord: ZD Jasper & Ascent Development
Brokers: Morris Betesh & Omar Ferreira - Meridian Capital Group

Meridian Capital Group played a crucial role in this transaction, helping to facilitate approximately $65 million in debt and approximately $35 million raised in joint venture equity for the ZD Jasper & Ascent Development's multifamily project in Long Island City.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Omar Ferreira

Vice President

Morris Betesh

Senior Managing Director

$754.4M Sold

Meridian Capital Group

Preferred Bank

Details

Deal Summary

FINANCED

IMAGE: Morris Betesh & Omar Ferreira DATE: 05/18/2021 ADDRESS: 45-30 Pearson Street MARKET: Long Island City ASSET TYPE: Multifamily LENDER: Preferred Bank LANDLORD: ZD Jasper & Ascent Development BROKERS: Morris Betesh & Omar Ferreira - Meridian Capital Group AMOUNT: $100,000,000 NOTE: Meridian Capital Group helped facilitate ~$65M in Debt & ~$35M Raised in JV Equity for ZD Jasper & Ascent Development’ 130 unit multifamily project in LIC.

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Address45-30 Pearson Street

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