WELLS FARGO PROVIDES $63.5 MILLION MIXED-USE LOAN

by admin

NEW YORK CITY — Wells Fargo & Co. has provided a $63.5 million loan for the refinancing of Rentar Plaza, a mixed-use property located in the Middle Village neighborhood of Queens, New York City. Situated at 66-26 Metropolitan Ave., the property is currently subleased to a commercial wholesaler and 16 retail tenants. The building contains 24-foot clear ceiling heights on the first and second floors as well as 33-foot ceilings and loading docks on the lower level. The loan carries a 5-year term. The borrower was not disclosed.

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