Popular Bank Provides $21.4M Construction Loan For Development Site In Jamaica, Queens

148-18 Hillside Avenue

Development Site

69,800 SF

Financed 1 year ago

Summary

Loan

NEW YORK

Development Site

69,800 sqft

The development site located at 148-18 Hillside Avenue in Jamaica, Queens has been involved in a closed transaction. The property is a development site with a buildable square footage (BSF) of 69,800. The asset is situated in the Jamaica market.

Summary of transaction details:

Property Type: Development Site
Transaction Date: 09/16/2022
Address: 148-18 Hillside Avenue
Market: Jamaica, Queens

Travis Schelhorn, representing Popular Bank, provided a construction loan for the transaction. The loan amount totaled $21,400,000. Chung Lam is the landlord associated with the property.

Players

All
1

Lenders
1

Popular Bank

Details

Deal Summary

FINANCED

IMAGE: Travis Schelhorn DATE: 09/16/2022 ADDRESS: 148-18 Hillside Avenue MARKET: Jamaica, Queens ASSET TYPE: Development Site ~ BSF: 69,800 LENDER: Popular Bank (@PopularBank) - Travis Schelhorn (@TravisSchelhorn) LANDLORD: Chung Lam LOAN AMOUNT: $21,400,000 LOAN TYPE: Construction

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Address148-18 Hillside Avenue

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