Genting Group obtained financing of $60M from Wells Fargo Bank

Genting Group through the entity Genting New York LLC as borrower signed a loan agreement with lender Wells Fargo Bank valued at $60.0 million for 1 parcel, including the tax class stadium, race tracks, baseball fields (Q6) at 110-10 Rockaway Boulevard in Queens. The deal closed on August 23, 2019 and was recorded on September 10, 2019.
The property contains a total of 2,055,252 square feet of built space. The property has 5,469,394 square feet of available development rights.

This is a building loan leasehold mortgage. Wells Fargo holds additional mortgages on the property.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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