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New York & Tri-State  + Outer  + Finance  |  February 28, 2024
Emily Fu
By: Emily Fu

Slate, LibreMax Provide $60M Loan for Astoria Condo 

Slate Property Group, in partnership with LibreMax Capital, has provided Ming’s Garden Realty LLC with a $60.25 million bridge loan for 26-01 4th Street in Astoria, Queens. The loan will support the final stages of construction and sellout of the 13-story, 143-unit condo asset.  

The project is set to be completed in the first quarter of 2025. Slate Property Group previously financed a project at 26-25 4th Street, adjacent to the current development.  

“Our experience with this growing section of Queens gave us the expertise needed to leverage this opportunity to provide financing for a high-quality project that will bring much-needed housing to the neighborhood,” said Daniel Ridloff, managing director, Slate Property Group. 

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Inside The Story

Daniel Ridloff

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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