Volpe of Highcap Group finances $2.4 million loan

Brooklyn, NY Michael Volpe, director of finance for Manhattan-based investment sales brokerage firm Highcap Group has arranged a $2.4 million acquisition and construction loan on 95 Diamond St. in Greenpoint. The site is located between Norman and Nassau Aves., a short distance away from the G train at Nassau Ave.

Volpe said, “This transaction was completed for a reputable developer that needed to move quickly. The plan is to gut-renovate and expand the two-family property into a seven-unit 6,200 s/f multifamily rental apartment building.”

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The Domain Cos. closes on $175 million financing with Wells Fargo to deliver 400 housing units

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.