BHI, a commercial bank, has provided a construction loan of $65.34 million to NuVerse Advisors for the development of 30-55 Vernon Boulevard in Astoria, Queens. The nine-story mixed-use development will feature 121 residential units, two retail spaces, a community facility and onsite parking.
Ilana Druyan from BHI’s international origination team commented: “The continued growth of the Astoria waterfront area is incredibly exciting and we are proud to be part of this project with NuVerse – furthering our ongoing relationship with them. This transaction highlights our strategic focus on multi-family growth as well as our commitment to positively impacting areas we serve.”
