Developer Chris Jiashu Xu scored a loan worth over half a million for his record-breaking Long Island City condo project at 23-15 44th Drive. The $502 million construction loan came from a group of banks including JPMorgan Chase in a deal brokered by Meridian Capital Group, according to the Wall Street Journal. When completed, Xu’s 67-story building will be the tallest in Queens and will consist of 802 units. The total cost for the project, […]
source https://therealdeal.com/2018/07/08/chris-xu-secures-502m-construction-loan-for-tallest-condo-in-queens/
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