Berko & Associates Procures $16,750,000 Acquisition Financing for Future Hotel

Managing Director of Finance & Capital Markets, Michael Korine, along with President Joe Berko, have procured $16.75mm financing for the conversion of an 81,000 SF ex-Paper Factory into a hotel in the growing Long Island City market. The developer plans to convert the asset in to a luxurious hotel with amenities such as a restaurant, cafe, conference rooms, gym, roof and sun decks, green desks, office cubicles, and recording studios.