Genting Group refis $175M with Wells Fargo for casino in Queens

Genting Group through the entity Genting New York LLC as borrower signed a loan agreement with lender Wells Fargo Bank valued at $175 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 February 10, 2021 and was recorded on February 23, 2021.
The property contains a total of 2,055,252 square feet of built space.
The average loan per buildable square foot is $85.

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