Massey Knakal Realty
Services is pleased to offer the sale of the Amended and Restated Acquisition
Loan Note, the Amended and Restated Project Loan Note, Restated Project Loan
Note, and the Building Loan Note for a development project which was underway in
Astoria, Queens.
The collateral project is located on the blockfront along
the northeast side of 20th Avenue extending to the southeast side of 38th Street
and the northwest side of Steinway Street. The project, is roughly half complete
and was slated for 72 condo units, parking, and retail.
The loans are
non-performing, as a maturity default has occurred. This offering is being sold
on an all cash, as is basis, without recourse, representation or warranty of any
kind, express or implied.
For more information on the acquisition of these loans, please fill out
and execute the attached Confidentiality and Indemnification Agreement.
Click here for listing details.
Neighborhoods: Astoria