Pi Capital Partners has landed a $60 million mortgage to refinance construction debt at its new residential building in Elmhurst. The debt is a five-year, fixed-rate loan from First Republic Bank for 85-15 Queens Boulevard, according to property records and sources familiar with the deal. It replaces $55 million in prior financing from People’s United Bank. Cary Pollack and Judah Neuman of Meridian Capital Group brokered the deal. The 250,000-square-foot building is known as Elm West […]
source https://therealdeal.com/2018/11/08/pi-capital-partners-snags-60m-refi-for-elmhurst-resi-building/
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