Queens Tower Management Corp. Refinances Flushing Multifamily For $20M With Santander Bank Loan

Queens Tower Management Corp. has secured a $20,000,000 loan to refinance their multifamily property located at 5825 Queens Blvd. in Flushing. The property consists of 90 units and is situated in a bustling market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $20,000,000
• Loan Rate: 2.99% (10 years)
• Lender: Santander Bank N.A.
• Borrower: Queens Tower Management Corp. – Kahen Properties
• Brokers: Charles Grussgott & Michael Helmreich - Meridian Capital Group

In this deal, Charles Grussgott and Michael Helmreich from Meridian Capital Group represented the borrower, Queens Tower Management Corp. and Kahen Properties. The loan terms include a competitive rate of 2.99% for 10 years, provided by Santander Bank N.A.