Westchester firm secures $42M loan for LIC townhouses

GDC Properties secured a $42 million construction loan from Banco Santander for its townhouse development at 11-22 45th Road in Long Island City. The Westchester-based firm plans to build 38 townhouses spanning a total of 150,000 square feet. It bought the site, formerly home to a single-story warehouse, for $44 million in 2014 and got Department of […]