Palwinder Singh signs $20.5M refi for 49-unit, mixed-use in Jamaica

Palwinder Singh through the entity Priya LLC as borrower signed a refi loan with lender Wells Fargo through the entity Wells Fargo Bank, National Association valued at $20.5 million for the 49-unit mixed-use property at 88-11 179th Place in Jamaica, Queens.
The deal closed on September 19, 2025 and was recorded on October 7, 2025. The prior lender was S3 Capital which held debt that had an original loan amount of $14 million.The five properties have 49,867 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $411 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Palwinder Singh was Palwinder Singh. The signatory for Wells Fargo was Benjamin Moaba .

The block

On the tax block of 88-11 179th Place, PincusCo has identified the owners of two of the eight commercial properties representing 7,185 square feet of the 24,336 square feet. The two identified owners are Palwinder Singh and Zenaida Santos.
On the tax block, there were two new building construction projects totaling 64,098 square feet. The largest is a 49-unit, 52,161 square-foot residential (R-2) building submitted by Palwinder Singh with plans filed December 27, 2018 and permitted June 2, 2022. The second largest is a 11,937 square-foot assembly (A-3) building submitted by Tarikul Islam with plans filed July 30, 2015 and permitted February 27, 2023.

The majority, or 59 percent of the 24,336 square feet of built space are walkup buildings, with retail buildings next occupying 34 percent of the space.

Direct link to Acris document. link