Shorewood Real Estate Group and Bridge Investment Group Close on $88 million Construction Financing for Jamaica, Queens Development
Shorewood Real Estate Group and Bridge Investment Group Close on $88 million Construction Financing for Jamaica, Queens Development
06/22/20, 5:14 PM
Location
new yorkMoney raised
$88 million
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.
Company Info
Location
new york, new york, united states
Additional Info
Shorewood Real Estate Group LLC is a multi-strategy real estate investment platform that specializes in the acquisition, financing and development of institutional quality assets in major gateway markets. Founded in 2009, Shorewood has a cumulative project market value in excess of $900 million. For more information, visit https://shorewoodgrp.com/.