Meridian Capital Group

Barone Management Lands $68M for Educational Facility and Resi Site in Queens

September 06, 2022

Barone Management has landed $67.8 million in financing to recapitalize an educational facility and neighboring residential development site in Queens, Commercial Observer can first report. 

Metropolitan Commercial Bank provided a senior mortgage, while Columbia Pacific Advisors provided preferred equity in the deal. Barone Management will use the debt to execute its purchase option on the fee position and also recapitalize its equity.

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