Case Real Estate Capital Funds $16M Loan for Commercial Redevelopment Site in Queens
Regent Medical Properties plans to redevelop the commercial site in Flushing into a 12-story medical office building.
NEW YORK CITY — Case Real Estate Capital has funded a $16 million first mortgage loan secured by a commercial redevelopment site in the Flushing neighborhood of Queens. The borrower is Regent Medical Properties. The loan proceeds will be utilized to facilitate the acquisition of land and initiate pre-development work on the 20,803-square-foot site. The land parcel is slated for a 12-story medical office building with an ambulatory surgery center and street-level commercial space.