Werwaiss Properties signs $110M construction loan with AIG for 240-unit project in LIC
Werwaiss Properties through the entity 42nd Road LIC Property Owner LLC as borrower signed a new construction loan with lender AIG through the entity Aig Asset Management (U.S.), LLC valued at $110 million for two properties including the industrial building (G1) at 23-02 42nd Road in Long Island City, Queens. On these lots, Werwaiss has filed two new building construction projects and major alteration projects…
