Q-Real Estate obtains $20.85m in construction financing for Latitude

Q-Real Estate Partners, LLC has secured $20.85 million in construction financing for Latitude, a new 53-home residential condo it is developing in the Riverdale District. The residential and commercial owner and developer received the loan from Bank Leumi USA, a full-service commercial bank that provides financial services to middle and upper-middle market firms, international businesses and not-for-profit organizations and U.S. and international private banking clients, according to Robert Quaco, principal of Q-Real Estate Partners, LLC. The financing will be used for development and construction of the two seven-story Latitude buildings located at the corner of Riverdale Ave. and 236th St. Found among the floor plans, which range in size from 724 s/f to 1,564 s/f of living space, are nine-ft. tall ceiling heights, maple wood flooring, balconies and terraces, closet space and individual laundry facilities in each home. Andres Escobar, a leading interior designer, has made his Riverdale debut with home interiors and common spaces at Latitude.