Brisa Builders Secures $41.4 Million Construction Loan From Bank Of America For Far Rockaway Project

The property at 19-19 Cornaga Avenue is a development site located in Far Rockaway, Queens. The site is earmarked for a residential project comprising 92 units with a total area of 53,496 square feet.

Summary of transaction details:

  • Property Type: Development Site

  • Transaction Amount: $41,400,000

  • Lender: Bank of America

  • Landlord: Ericka Keller-Wala - Brisa Builders

  • Loan Type: Construction

This transaction involves Brisa Builders, represented by Ericka Keller-Wala. The construction loan secured from Bank of America will facilitate the development of the residential project on the site.

Read the original article here

Previous
Previous

NY Affordable Project Secures Financing

Next
Next

Brisa Builders Previews New Far Rockaway Development During CB14 Meeting