The development at 166-13 91st Street represents a significant addition to the Jamaica neighborhood, offering modern residential rental units designed to meet the growing demand for quality housing in the area. ERG Commercial Real Estate’s expertise in navigating complex financing structures ensured a seamless process, aligning the needs of the developer with the lender’s criteria.
“We are thrilled to have facilitated this $7M loan, which will bring this exceptional multifamily project to life,” said Matthew Murphy, Director of Financing at ERG Commercial Real Estate. “This deal reflects our commitment to delivering tailored financing solutions and supporting transformative real estate developments that enhance communities.”
The lender, a prominent player in the middle-market space, specializes in construction and bridge financing, providing flexible and reliable capital for projects like this one. Construction was set to commence in February of 2025 with completion anticipated to further elevate the residential landscape of Jamaica, NY.
