HomeBriefs

Brief

Wells Fargo Provides $175M Construction Loan for Queens Mixed-Use Development

The affordable housing development push continues in New York City.  The Domain Companies has secured $175 million in construction financing to build Elara, a two-building, 429-unit mixed-income housi

File photo

Summary

The affordable housing development push continues in New York City.

The Domain Companies has secured $175 million in construction financing to build Elara, a two-building, 429-unit mixed-income housing development in the historic Astoria neighborhood of Queens, Commercial Observer can first report.

Wells Fargo provided the construction debt, while Domain Companies contributed an undisclosed amount of […]

Source