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

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