NEW YORK—Johnson Capital’s Daniel Lisser, managing officer in the firm’s New York City office, has arranged $2.05 million in financing for three remaining residential units and three remaining commercial units at the Ten63 Condominium in the Long Island City neighborhood in Queens.
The debt was provided by a local credit union with a five-year term.
“Our focus on finding the right finance solution for our client led us to examine many capital scenarios,” said Lisser. “In the end, we ended up with a lender that had a great combination of proceeds, competitive interest rate and prepayment flexibility. “
Located at 1063 Jackson Ave., Ten63 is an eight-story condominium building developed in 2009 by two local development groups. The building contains 41 residential units and two retail units on the ground floor.