Quadrum Global, in partnership with Simon Baron Development, has secured a $150 million construction loan for a luxury residential tower in Long Island City, Queens. Located at 29-26 Northern Blvd., the 42-story tower will offer 467 apartments slated for completion in early 2018. Ayush Kapahi of HKS Capital Partners sourced the financing on behalf of the borrowers with AIG. “Long Island City has quickly become one of the most desirable places to live in the New York Metro Area,” said Oleg Pavlov, Quadrum’s founder & CEO. “Our partnership with Simon Baron has brought to market some of the most successful residential and hotel developments in New York City and this financing will allow us to deliver another outstanding project.”
