Rubin Schron Of Cammeby’s International Group Secures $70 Million Refinance Loan From Citibank For Kew Gardens Office

The property asset involved in this transaction is a 514,975 square foot office building located at 80-02 Queens Boulevard in Kew Gardens, Queens. The building has been refinanced with a loan amount of $70 million from Citibank, replacing prior debt from Flagstar Bank.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $70,000,000
• Lender: Citibank
• Landlord: Rubin Schron - Cammeby’s International Group
• Market: Kew Gardens, Queens
• Asset Square Footage: 514,975
• Loan Type: Refinance

Rubin Schron represents Cammeby’s International Group in this refinancing deal, indicating the principal relationship between the landlord and the lender. The transaction illustrates a shift in financing strategy with the change from Flagstar Bank to Citibank.