Bayport Funding Provides $6M Bridge Loan for Astoria MF Development
Bayport Funding has provided a $6.15 million bridge loan for the ground-up construction of 1435 Broadway in Astoria, Queens. The multifamily development, owned by Roz Broadway LIC, LLC, will consist of 15 one-bedroom units.
“As one of the most in-demand neighborhoods in Queens, Astoria continues to see particularly strong momentum for new rental properties,” said Marcia Kaufman, CEO of Bayport Funding.
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.