F&T Group has secured a $123 million construction loan from Maxim Capital Group for a retail and office development at 37-01 138th Street in Downtown Flushing. The financing adds another major capital commitment to a district already seeing continued commercial, community and infrastructure investment.

The Domain Companies has secured $175 million in Astoria construction financing from Wells Fargo for a major mixed-income development on 41st Street in Queens. According to Commercial Observer, Wells Fargo is providing the construction debt, while Domain is contributing equity alongside Canyon Partners Real Estate and BLDG Management. JLL Capital Markets arranged the financing transaction. The financing supports a two-building development totaling 429 apartments, including 10

LMXD and BedRock Real Estate Partners have secured $250 million in Astoria construction financing for a major mixed-income development at 35-10 Steinway Street in Queens. According to Commercial Observer, the loan was provided by New York Life Investment Management’s real estate platform and arranged by JLL. The financing is intended to support both the acquisition and construction of the development. The development team acquired the site, which includes 35-18 Steinway Stree

Slate Property Group and RiseBoro Community Partnership have closed on acquisition and construction financing for two affordable and supportive housing developments in Williamsburg, Brooklyn. According to Commercial Observer, the development team secured a $162.9 million loan to build the projects at 178 Montrose Avenue and 73 Meserole Street. JPMorgan Chase originated the financing, which was arranged by the New York City Housing Development Corporation. The broader financin

Apex Building Group and L+M Development Partners have secured more than $217 million in financing for the third phase of Alafia, a large-scale affordable housing community in the Spring Creek section of East New York, Brooklyn. Developed in partnership with RiseBoro Community Partnership and Services for the UnderServed, Alafia Phase III will include two residential buildings with a combined 273 affordable apartments. The phase is expected to be completed in 2029. According t

According to the latest coverage from the Commercial Observer, Brooklyn-based developer Elmord Management has secured $72.3 million in acquisition and construction financing to construct a brand-new multifamily development in the premier Hunters Point neighborhood of Long Island City (LIC), Queens . The transaction was originated by prominent real estate lender BridgeCity Capital, providing critical capital for the planned 161-unit mixed-use project at 44-68 Vernon Boulevard

The transformation of Midtown Manhattan's commercial core has taken a massive leap forward as Yellowstone Real Estate Investments officially secured a $480 million loan to convert the 27-story office tower at 1740 Broadway into luxury apartments and condominiums. Prominent real estate private equity firm Madison Realty Capital originated the massive construction loan, which will facilitate the creation of a 420-unit residential landmark. Located between West 55th and West 56t

The Flushing residential market continues to showcase its exceptional strength as another major development project secures substantial institutional backing. Prominent developer Century Development Group has successfully closed a $43.4 million construction loan to fund its upcoming mixed-income residential development. Located at 135-01 35th Avenue in Flushing, Queens, the planned 143,232-square-foot building will yield 116 premium units, featuring a high-quality mix of cond