Articles by Max Gillespie


Photo by Michael Young

$18 Million Mezzanine Loan Provided For 24-01 Queens Plaza North In Long Island City, Queens

Naftali Credit Partners, a subsidiary of Naftali Group, has closed on an $18 million mezzanine loan for 24-01 Queens Plaza North, a new residential project in Long Island City, Queens. The loan is one of two recent mezzanine loans issued by Naftali Credit Partners, totaling $31.4 million combined, and was issued to the project’s developer, New Empire.
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Rendering of Starhill at 1600 Grand Avenue. Designed by Marvel Architects

Phase Two Of Starhill Affordable Housing Complex Breaks Ground At 1600 Grand Avenue In Morris Heights, The Bronx

Services for the UnderServed and Bronx Pro Group recently celebrated the groundbreaking for phase two of Starhill, an affordable housing project at 1600 Grand Avenue in Morris Heights, The Bronx. The project will add 244 affordable apartments to the property, with 74 of which designated as supportive housing for formerly homeless individuals and families. On-site supportive care services will be provided by Services for the UnderServed. The project was designed by Marvel Architects.

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