Carmel Partners nabs $364M loan for Queens development – Robert Khodadadian

Ron Zeff’s Carmel Partners landed a big loan for its planned 66-story residential tower in Long Island City. The San Francisco-based developer secured $364.8 million from Wells Fargo for its development site at 43-30 and 43-16 24th Street in Queens, according to property records filed Wednesday. Carmel purchased the Court Square site from Stawski Partners in March for $200 million, the second-highest amount ever paid for a development site in Queens. Only TF Cornerstone’s $285

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Development, Home Page, carmel partners, Commercial Real Estate, long island city, Queens, Real Estate Finance, wells fargo The Real Deal New York Read More

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