Wells Fargo Bank Provides $175M Loan For Casino In Queens Owned By Genting Group

The property involved in the transaction is a casino located at 110-00 Rockaway Blvd in Queens. The casino spans an area of 1,086,000 square feet. The loan amount for this transaction is $175,000,000 and it was provided by Wells Fargo Bank. The landlord of the property is Genting Group from Malaysia. In 2012, Resorts World NYC, the casino at this location, reported approximately $700 million in revenue and attracted 10 million visitors. The construction cost for the property was $510 million and the architect responsible for its design is JCJ Architecture.

Summary of transaction details:

• Property Type: Casino
• Transaction Amount: $175,000,000
• Address: 110-00 Rockaway Blvd
• Market: Queens
• Square Footage: 1,086,000
• Lender: Wells Fargo Bank
• Landlord: Genting Group
• Construction Cost: $510 million
• Architect: JCJ Architecture

The individuals involved in this deal are Charles Scharf and Lim Kok Thay. Charles Scharf represents Wells Fargo Bank as the lender, while Lim Kok Thay represents Genting Group as the landlord. This transaction provides an insight into the collaboration between these key individuals and companies in the casino industry.