Bayport Funding has provided a $6.15 million bridge loan for the ground-up construction of 1435 Broadway in Astoria, Queens. The multifamily development, owned by Roz Broadway LIC, LLC, will consist of 15 one-bedroom units and is located in an area that continues to see strong momentum for new rental properties.
Marcia Kaufman, CEO of Bayport Funding commented on the project stating “Astoria is one of the most in-demand neighborhoods in Queens and we are proud to be part of this exciting development”.
