Bayport Funding Provides $6M Bridge Loan for Astoria MF Development
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Bayport Funding has provided a $6.15 million bridge loan for the ground-up construction of 1435 Broadway in Astoria, Queens. The multifamily development, owned by Roz Broadway LIC, LLC, will consist of 15 one-bedroom units.
“As one of the most in-demand neighborhoods in Queens, Astoria continues to see particularly strong momentum for new rental properties,” said Marcia Kaufman, CEO of Bayport Funding.
Bayport Funding Provides $6M Bridge Loan for Astoria MF Development
Bayport Funding Provides $6M Bridge Loan for Astoria MF Development
[ad_1]
Bayport Funding has provided a $6.15 million bridge loan for the ground-up construction of 1435 Broadway in Astoria, Queens. The multifamily development, owned by Roz Broadway LIC, LLC, will consist of 15 one-bedroom units.
“As one of the most in-demand neighborhoods in Queens, Astoria continues to see particularly strong momentum for new rental properties,” said Marcia Kaufman, CEO of Bayport Funding.
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