“We are adept at assessing complex real estate situations with various asset types and complicated financial structures,” says Josh Zegen, co-founder and managing principal of MRC. “This recapitalization opportunity is a prime example of how MRC can utilize its fully integrated team to quickly analyze multiple assets and structure a financial solution for a borrower.”

He continues, “We have analyzed the Flushing market extensively and feel that it is among New York's strongest, and these commercial assets are perfectly positioned to benefit from their stellar location at one of Flushing's busiest corners.”

The properties are centrally located in an active section of downtown Flushing, Queens. The area has seen significant business and job growth for several years, with real estate sales and rental pricing strengthening as a result. Flushing is also in the immediate vicinity of attractions like Citi Field and the USTA's National Tennis Center, which attract tourist traffic to the market.

Adds Zegen, “We remain bullish on Queens and continue to seek other similar investment opportunities. Flushing is one of the most sought after neighborhoods in Queens given its incredible small business growth, diversity, great proximity to transportation, retail, and overall convenience.”