EnviroFinance Group (EFG) specializes in financing the redevelopment of contaminated properties, commonly known as brownfields, throughout the U.S. EFG's unique approach to brownfield redevelopment funding allows remediation, horizontal and/or vertical construction activities to occur simultaneously to facilitate faster and more cost-effective projects. EFG's brownfield financing is a catalyst to the expansion of urban infill development and renewal projects as well as the revitalization of rural communities, returning blighted properties to productive use and increasing local tax revenues. Borrowers include commercial land owners, real estate developers and public entities.
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Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.