ZD Jasper nabs second construction loan of the week
Jasper Wu is wooing construction lenders left and right this week. ZD Jasper landed a $66.1 million financing package from First Citizens Bank for a project at 64-11 Queens Boulevard, the Commercial Observer reported. The developer acquired the site for $18.6 million concurrent with securing the loan. Ripco Real Estate’s Adam Hakim, James Murad and Michael Winter arranged the financing, while the firm’s Stephen Preuss and Andreas Efthymiou facilitated the sale from a joint venture of family offices. ZD Jasper is planning a 14-story, 175-unit building with 11,000 square feet of ground-floor retail. The project will also include below-grade parking […]This article originally appeared on The Real Deal. Click here to read the full story.
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