LIC Light industrial

New York NY Multifamily $4,100,000
November, 2017
388 Broadway
November, 2017

$17,250,000 Bridge Loan

size-icon Long Island City, Queens

size-icon 109,200 Square Feet / Acres

size-icon Light Industrial

Avant Capital 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.