Wells Fargo Provides $55M Floating-Rate Loan For Flushing Mixed-Use Property

The mixed-use property located at 144-74 Northern Boulevard in Flushing was involved in a closed transaction on July 30, 2021. The property is owned by Skyview Companies and was financed by a $55,000,000 loan provided by Wells Fargo. The loan terms are floating-rate and LIBOR-based. Morris Betesh and Omar Ferreira of Meridian Capital Group represented the landlord in the deal.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $55,000,000
• Date: 07/30/2021
• Address: 144-74 Northern Boulevard
• Market: Flushing

Morris Betesh and Omar Ferreira, from Meridian Capital Group, served as the brokers representing the landlord, Skyview Companies, in this transaction.