BHI Provides $29M Construction Financing for Queens Mixed-Use Development
BHI has provided a $29.25 million loan to ZDJ Jamaica LLC for the construction of a seven-story mixed-use development in Queens.
Located at 138-45 Jamaica Avenue, the project will feature 81 residential units, retail space, and on-site parking, with 30% of the units designated as affordable housing.
“This transaction underscores our continued strategic focus on multi-family growth, and we welcome the opportunity to be a part of 138-45 Jamaica Avenue,” said Mimi Vu, FVP head of N.A. Originations at BHI.
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.