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Greystone Arranges Permanent Loan on Astoria Rentals
Greystone closed on a $37,050,000 permanent loan to an affiliate of the Shirian Family’s Lions Group to refinance 14-01 Broadway, a new 82-unit 100% market-rate multifamily rental apartment building in the Astoria section of Queens. The 10-year fixed-rate Fannie Mae loan replaces a Bank Leumi construction facility.
Family-owned and managed, Lions Group currently owns and operates more than 1.5 million square feet of luxury condominium, multifamily and commercial spaces, delivering more than 10 projects in Queens within the past 15 years.
Greystone Capital Advisors, represented by Drew Fletcher, Matthew Klauer and Bryan Grover, served as exclusive advisor on the transaction. “Lions Group has been one of New York City’s most active residential developers in Queens with multiple projects delivered or under construction,” said Fletcher. “They have developed thoughtfully-designed, first-class buildings that stand out in their neighborhoods, and we are extremely proud to have worked with them on this assignment.”
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