Merchants Capital provided the loan for Arker’s six-story, 149-unit building on 14-10 New Haven Avenue. Arker will utilize proceeds from the financing for funding repairs and renovations to the 1974-built property.
Led by Daniel Moritz, Arker Companies specializes in affordable housing developments, owning more than 10,000 workforce units in Queens and Brooklyn. One of the Long Island-based developers signature recent projects is the 11-building Edgemere Commons mixed-use development at the site of the former Peninsula Hospital in Far Rockaway, which broke ground in June and will feature 2,050 mixed-income housing units.
Officials at Merchants Capital and Arker Companies did not immediately return requests for comment.
The Arker Companies has inked a $78.4 million debt package to refinance a multifamily asset in Far Rockaway, Queens, property records show. Merchants Capital provided the loan for Arker’s six-story, 149-unit building on 14-10 New Haven Avenue. Arker will utilize proceeds from the financing for funding repairs and renovations to the 1974-built property. Led byRead MoreChannel, Finance, Refinance, daniel moritz, Merchants Capital, The Arker Companies Commercial Observer Read More
Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.
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