Metropolitan Bank Provides $32M Loan For Two Charter Schools In Jamaica, Queens

Two charter schools located at 89-17 & 89-25 161st Street in Jamaica, Queens have recently secured a loan of $32,000,000. The loan transaction took place on June 11, 2021, and the lender involved in the deal was Metropolitan Bank. The landlord of the property is Barone Management. The asset type of these schools is two charter schools.

Summary of transaction details

• Property Type: Two Charter Schools
• Transaction Amount: $32,000,000
• Address: 89-17 & 89-25 161st Street, Jamaica, Queens
• Market: Jamaica, Queens

The loan for the charter schools was arranged by Adam Hakim and James Murad from Meridian Capital Group. They represented the landlord, Barone Management, in the deal.