Long Island City, NY

$14,000,000 First Mortgage

In February 2018, a $14.0 million first-mortgage loan was provided to finance the acquisition of a property located at 38-27 30th Street in Long Island City, New York, with a business plan focused on converting the asset from a museum to office use. The property benefits from proximity to Midtown Manhattan and strong transit access within the Astoria/LIC submarket.