Philip Pilevsky's Philips International Secures $12 Million Refinance Loan From Standard Insurance Company

Two Kew Gardens buildings located at 120-46 Queens Boulevard and 120-34 Queens Boulevard, encompassing 92,880 BSF and 86,134 SF, are involved in the transaction. The asset type consists of office and retail spaces. The refinancing secured a $12 million loan, replacing an existing $18 million debt previously acquired from Dime Community Bank.

Summary of transaction details:

• Property Type: Office & Retail
• Transaction Amount: $12,000,000
• Address: 120-46 Queens Boulevard & 120-34 Queens Boulevard
• Market: Kew Gardens, Queens
• Lender: Standard Insurance Company
• Landlord: Philip Pilevsky - Philips International
• Loan Type: Refinance

Philip Pilevsky, representing Philips International through 120-34/70 Qb LLC, played a crucial role in executing the refinancing of the two buildings, ensuring continuity in financing for the properties involved in this transaction.