Trending...
- Phinge Exposes Massive AI Security Risks, Claiming Its Patented Hardware-Verified Architecture Is The Only Safeguard Against Surveillance Capitalism
- KeysCaribbean Resorts Offer Savings On Vacations Through Aug. 31, Preview Exceptional Select Fall Rates of Less Than $200/Night
- Dana Flanagan Expands the Authority Architect, Bringing a Nontraditional Approach to Executive Authority, Strategic Access and Business Growth
ReCap Secured $50 million Ground Up Condo Construction loan – 110% Loan to cost – The biggest condo construction loan in Astoria, New York, during COVID.
QUEENS, N.Y. & ASTORIA, N.Y. - ncarol.com -- ReCap secured a $50 million construction loan – the largest condo ground up construction loan in Astoria, New York, during COVID. Against all odd, with the COVID lock down, slow down of NYC condo market amidst of condo inventory glut, banks not even picking up calls, and piles of foreclosure looming, ReCap was able to secure the construction loan on behalf of our client, Hua Yang Group, for a 200,000 square feet, 143 units, condo development.
To top the scale, ReCap was able to secure the construction at 110% loan to cost: $45 million construction loan plus $5 million cash out. An impossible task and loan structure even during the best of time.
More on ncarol.com
ReCap, with its vast network and strong relationship with lenders, continues to deliver an unparalleled financial structure to support its clients and their business. Johnny Su, Chief Operating Officer of ReCap adds, "As Warren Buffett said It's only when the tide goes out that you learn who has been swimming naked and how good your loan brokers really are." Tomer Dicturel, CEO of ReCap, added that, "no matter rain-or-shine, client can always count on ReCap to be there to back them up and secure them the finance."
Learn more: http://recapny.com/
https://www.linkedin.com/in/johnnysu/
To top the scale, ReCap was able to secure the construction at 110% loan to cost: $45 million construction loan plus $5 million cash out. An impossible task and loan structure even during the best of time.
More on ncarol.com
- Pattern Recognition In The Arts
- Real Estate Syndication Attorney Tilden Moschetti Releases The Real Estate Private Equity Blueprint
- 5X Gross Margin Improvement to Beat EPS Consensus; $54.6 Million 10-Year Contract Award Puts Cybersecurity Leader on Path to a $30 Million Run Rate
- Couture Master Perfumer JoAnne Bassett Unveils All-Natural Parfum in Oil Collection in Gift Box
- Independent Colbert Packaging Thrives Amid Industrywide Consolidation
ReCap, with its vast network and strong relationship with lenders, continues to deliver an unparalleled financial structure to support its clients and their business. Johnny Su, Chief Operating Officer of ReCap adds, "As Warren Buffett said It's only when the tide goes out that you learn who has been swimming naked and how good your loan brokers really are." Tomer Dicturel, CEO of ReCap, added that, "no matter rain-or-shine, client can always count on ReCap to be there to back them up and secure them the finance."
Learn more: http://recapny.com/
https://www.linkedin.com/in/johnnysu/
Source: ReCap
0 Comments
Latest on ncarol.com
- Slotozilla Reports Strong Growth in Q2 2026
- Flexible Plan Investments Names Carl Resnick President
- Paula Josephine Sadler Releases "Imagine" on 24th Anniversary of Sobriety
- Ritz-Carlton Residences Houston Generates Strong Early New Construction Sales at 2120 Post Oak Blvd
- No Sugar Baker Continues National Growth with Seattle Market Expansion Across Washington, Idaho, and Alaska
- The Refugee Archive Launches Campaign to Preserve 21 Female-Headed Household Oral Histories in Rebel-Controlled Goma
- Space Ambitions Expanding as New Testing Builds on NASA Results and Targets MEO, GEO and Next-Generation Orbital Markets: Ascent Solar Technologies
- FDA Path Clears, Manufacturing Ramps Up + $22.3 Million Strengthens the Balance Sheet; Inflection Point for NRx Pharmaceuticals (N A S D A Q: NRXP)
- Buy Retatrutide Research Peptide: Why Reta Is Getting So Much Attention
- New Book Helps Educators Navigate AI in the Classroom While Keeping Humans in Charge
- San Diego Attorney Anthony Z. Vargas Narrows Practice to Employment Law, Representing Employees Only
- LifeTime Asset & Tax Management Named on the 2026 Inc. 5000 List
- Solid Earth Introduces RealtyID, a Universal Identity Spine for the Real Estate Industry
- Pastor Miguel Bustillos Brings Deliverance and Exorcism Ministry Conference to Durham, NC
- TOLI CORPORATION's President Visits U.S. to Celebrate Partnerships and Support North American Market
- BumbleBeeSmart Launches Dedicated Sensory Wall Panels Collection for Adults, Memory Care and Senior Living
- BlazeHive's AI SEO Agent Outranks Human Writers on 500+ Google Top-3 Results in 5 Months, on Autopilot
- Priority Property Group Becomes Preferred Property Management Partner for Charlotte Investors
- Inlow Upholstery Expands RV and Camper Upholstery Services in Western North Carolina
- Phinge Exposes Massive AI Security Risks, Claiming Its Patented Hardware-Verified Architecture Is The Only Safeguard Against Surveillance Capitalism