Ruben Izgelov Of We Lend LLC Provides $1,700,000 Loan For Ground-Up Development In Fresh Meadows

A ground-up development project is being financed with a mid-construction loan. The asset is located in Fresh Meadows, Queens, and is being developed by an experienced general contractor and developer. The loan amount is $1,700,000, specifically designated for construction purposes, with a term of 12 months.

Summary of transaction details:

• Property Type: Ground-Up Development
• Transaction Amount: $1,700,000
• Lender: Ruben Izgelov - We Lend LLC
• Loan Type: Construction
• Loan Terms: 12 months
• Market: Fresh Meadows, Queens
• Deal closed in 1 week
• Borrower: Experienced general contractor and developer

This transaction highlights the involvement of Ruben Izgelov, representing We Lend LLC as the lender for the project. The financing provided allows the developer to continue executing their build efficiently, demonstrating a swift closing process of just one week.