LIC Light industrial

screen-shot-2017-11-08-at-2-05-29-pm
New York NY Multifamily $4,100,000
November, 2017
screen-shot-2017-11-01-at-6
388 Broadway
November, 2017

$17,250,000 Bridge Loan

size-icon Long Island City, Queens

size-icon 109,200 Square Feet

size-icon Light Industrial

Avant Capital Partners has originated a $17.25 million loan secured by a light industrial building in the Long Island City sub-market of Queens.  Loan proceeds refinanced the existing debt, and funded reserves and closing costs.  The property is situated in close proximity to public transit, in an area characterized by a mix of light industrial and commercial uses.