Kalikow Group refis $21.1 million with JPMorgan Chase for 403 units in Queens

The Kalikow Group in two separate transactions refinanced loans totaling $21.1 million from JPMorgan Chase Bank covering 403 rental units in Queens.

In the first transaction, Kalikow Group through the entity Briarwood Gardens #3, LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank. valued at $12 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 291 residential units at 141-10 82nd Drive in Queens. The deal closed on November 18, 2020 and was recorded on December 4, 2020.
The property contains a total of 357,885 square feet of built space.
The average loan per unit is $41,237.

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In the second transaction, Kalikow Group through the entity Tennyson Arms LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $9.1 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 112 residential units at 67-67 Burns Street in Rego Park. The deal closed on November 18, 2020 and was recorded on December 4, 2020.
The property contains a total of 109,200 square feet of built space.
The average loan per unit is $81,482.
The signatory for the lender was Jennifer Smith.

Direct link to Acris document. link