Preferred Bank Provides $48.2M Loan For Multifamily Building 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 closed transaction. The property consists of 130 units and is owned by Ascent Development, represented by Tien Vominh, a broker with the buyer. The transaction took place on 05/18/2021.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $48,230,000
Address: 45-30 Pearson Street
Market: Long Island City
Units: 130

Preferred Bank provided a loan of $48,230,000 for the transaction. Tien Vominh, from Ascent Development, served as the landlord's representative in the deal.

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: Tien Vominh DATE: 05/18/2021 ADDRESS: 45-30 Pearson Street MARKET: Long Island City ASSET TYPE: Multifamily ~ UNITS: 130 LENDER: Preferred Bank LANDLORD: Ascent Development - Tien Vominh LOAN AMOUNT: $48,230,000

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Address45-30 Pearson Street

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