Apollo And Lionheart Strategic Management Provides $175 Million Construction Loan For Eight West Multifamily In Queens

The property asset involved in this transaction is a multifamily building located at 72-01 Queens Boulevard in Queens. It consists of 292,379 square feet and includes a total of 367 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $175,000,000
• Lender: Apollo & Lionheart Strategic Management
• Landlord: Eight West, Affiliate Of The Hakimian Organization
• Brokers: Jordan Roeschlaub, Nick Scribani, Max Ralby, and Peter Griesinger - Newmark
• Loan Type: Construction

The deal includes significant involvement from multiple brokers representing the interests of the landlord, with a focus on facilitating the construction financing required for the property. The brokers played a crucial role in the arrangement of the funding necessary for the project's development.