Jeff T. Blau Of Related Companies Secures $90 Million Refinance Loan From Wells Fargo In Far Rockaway

14-50 Gateway Boulevard, 15-02 Mott Avenue & 14-30 Gateway Boulevard is a portfolio of five multifamily properties located in Far Rockaway, Queens, encompassing a total of 329 residential units. The refinancing transaction involved a loan amount of $90 million, securing financing that replaced a previous $36 million loan held by Fannie Mae.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $90,000,000
• Lender: Wells Fargo
• Landlord: Jeff T. Blau - Related Companies
• Loan Type: Refinance
• Closing Date: June 30, 2026
• Recording Date: July 7, 2026

Related Companies, through Greenport Preservation L.P., facilitated the refinancing deal involving the multifamily properties. Jeff T. Blau serves as the landlord for the properties in question, playing a pivotal role in the transaction with Wells Fargo as the lender.