Shorewood Real Estate Group and Bridge Investment Group Close on $88 million Construction Financing for Jamaica, Queens Development
Jun 22, 2020•about 5 years ago
Amount Raised
$88 Million
Description
Shorewood Real Estate Group announced today that in partnership with Bridge Investment Group, the firms closed on an $88 million loan to finance the construction of 1 Archer Avenue Apartments in Jamaica, Queens. The construction facility was provided by East West Bank and a syndicate of lenders to construct the first development financed with Opportunity Zone Capital from Bridge and Shorewood.
Funding Insights
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