Secure $29M Construction Financing for Queens Mixed-Use Development from BHI

BHI has provided a $29.25 million loan to ZDJ Jamaica LLC for the construction of a seven-story mixed-use development in Queens, located at 138-45 Jamaica Avenue. The project will feature 81 residential units, retail space, and on-site parking with 30% of the units designated as affordable housing.
Mimi Vu, FVP head of N.A Originations at BHI commented: “This transaction underscores our continued strategic focus on multi-family growth and we welcome the opportunity to be part of 138–45 Jamaica Avenue”  The financing marks an important step forward for this exciting new development in Queens that will provide much needed housing options along with retail space and parking facilities for its residents.