Wells Fargo Provides $175M Construction Loan for Queens Mixed-Use Development
The affordable housing development push continues in New York City. The Domain Companies has secured $175 million in construction financing to build Elara, a two-building, 429-unit mixed-income housing development in the historic Astoria neighborhood of Queens, Commercial…
The affordable housing development push continues in New York City. The Domain Companies has secured $175 million in construction financing to build Elara, a two-building, 429-unit mixed-income housing development in the historic Astoria neighborhood of Queens, Commercial…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine construction loan financing for a mixed-income housing development by a major bank, representing ordinary business activity without novel structure or broad market impact.