Signature Bank Provides $8.5M Loan For Multifamily Property In Flushing

A multifamily property located at 36-25 Parsons Boulevard in Flushing has been involved in a loan transaction. The loan was provided by Signature Bank to S.W. Management, the landlord of the property. The loan amount is $8,500,000 and the property consists of 67 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,500,000
• Address: 36-25 Parsons Boulevard
• Market: Flushing
• Lender: Signature Bank
• Landlord: S.W. Management
• Units: 67

This loan transaction involves Signature Bank and S.W. Management, with the latter acting as the landlord of the multifamily property located at 36-25 Parsons Boulevard in Flushing. The loan amount of $8,500,000 was provided for this property, which comprises 67 units.