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Pi Capital Partners Secures $60M Loan For Residential New Development In Elmhurst, Queens

85-15 Queens Boulevard
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This Other property located in NY received a loan of $60,000,000 over 5 years ago. The brokers of the deal were Judah Neuman and Cary Pollack

The residential new development located at 85-15 Queens Boulevard in Elmhurst, Queens, New York has been involved in a closed transaction. The property spans 250,000 square feet and was developed by Pi Capital Partners.

Summary of transaction details:

  • Property Type: Residential New Development
  • Transaction Amount: $60,000,000
  • Address: 85-15 Queens Boulevard
  • Market: Elmhurst, Queens, New York

The loan for this transaction, amounting to $60,000,000, was provided by FirstRepublic with a five-year fixed-rate term. The brokers involved in this deal were Cary Pollack and Judah Neuman from Meridian Capital Group.

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Deals
  • Location
    85-15 Queens Blvd, Flushing, NY 11373, USA85-15 Queens Blvd, Flushing, NY 11373, USA
  • Loan Value
    $60,000,000$60,000,000
  • Asset Type
    OtherOther
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Judah Neuman

Judah Neuman

Deals11
Financed$419M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

Deal Summary

IMAGE: Judah Neuman and Cary Pollack DATE: 11/08/2018 ADDRESS: 85-15 Queens Boulevard MARKET: Elmhurst, Queens, New York ASSET TYPE: Residential New Development LENDER: @FirstRepublic DEVELOPER: Pi Capital Partners BROKERS: Cary Pollack and Judah Neuman @meridian.capital.group LOAN AMOUNT: $60,000,000 LOAN TERMS: Five-year, fixed-rate SF: 250,000

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85-15 Queens Boulevard

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