Square Mile Capital Provides $225M Loan For Development Site In Astoria | 30-77 Vernon Boulevard | Square Mile Capital | James Murad, Adam Hakim | Development Site | Loan

Summary

Loan

NEW YORK

Development Site

3,665,280 sqft

A development site located at 30-77 Vernon Boulevard in Astoria has recently closed a loan transaction. The loan amount for this transaction was $225,000,000, and the property measures 366,528 RSF. The lender involved in this deal was Square Mile Capital.

Summary of transaction details:

Property Type: Development site
Transaction Amount: $225,000,000
Address: 30-77 Vernon Boulevard
Market: Astoria
Lender: Square Mile Capital
RSF: 366,528

The landlords for this development site are Craig Wood and David Kronman, who represent Cape Advisors. The loan terms for this transaction include full-term interest-only payments. The brokers involved in this deal were Adam Hakim and James Murad from Meridian Capital Group.

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Players

All
4

Agents
2
Agencies
1
Lenders
1

James Murad

Senior Vice President

Adam Hakim

Senior Managing Director

Details

Deal Summary

FINANCED

IMAGE: Adam Hakim & James Murad DATE: 07/24/2020 ADDRESS: 30-77 Vernon Boulevard MARKET: Astoria ASSET TYPE: Development site LOAN AMOUNT: $225,000,000 RSF: 366,528 LENDER: Square Mile Capital LANDLORD: Craig Wood & David Kronman – Cape Advisors LOAN TERMS: Full-term interest-only payments BROKERS: Adam Hakim, James Murad @Meridian.Capital.Group

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Address30-77 Vernon Boulevard

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