Meridian Capital Group

Maxim Capital Supplies $40M Acquisition Loan for Queens Development Site

June 09, 2023

United Construction and Development Group has landed $40 million of acquisition financing to purchase a Rego Park, Queens, development site to build a mixed-use multifamily project, Commercial Observer has learned.

Maxim Capital Group provided the loan for United’s acquisition of 93-30 93rd Street, which spans nearly 140,000 square feet and offers roughly 670,000 of buildable square feet, according to Meridian Capital Group, which brokered the deal. The developer plans to build three high-rise residential towers totaling 706 units along with 200,000 square feet of commercial space and 806 parking spaces at the empty lot adjacent to the Rego Center shopping mall. 

Read Article
Recent Articles | Back to News

Eternal Takes 12K SF at 525 West 26th Street for Fitness Center

Article
June 9, 2023

Specialty supermarkets, eateries nabbed 7 of NYC’s top 10 retail leases last month

Article
June 9, 2023

Citigroup, Société Générale Close $108M CMBS Loan for Self-Storage Refi

Article
June 9, 2023

Chinese Fast-Food Chain Zhoumapo to Open First U.S. Location in Times Square

Article
June 9, 2023

Manhattan Skyline Management Corp. Welcomes Gourmet Bakery Empire Cake to 450 Sixth Avenue in the West Village

Article
June 9, 2023

S3 Capital Supplies $59M Construction Loan for Jersey Resi Tower

Article
June 9, 2023