October 5, 2016
Capital One Multifamily Finance secured $89.3 million in refinancing to the 1830-unit Windsor Park Cooperative in Bayside, Queens. The 15-year Freddie Mac fixed-rate loan consolidates and replaces previous mortgages, one of which dates back to 1950.
Situated on 46 acres at 213-05 75th Ave., approximately 15 miles from Manhattan, Windsor Park was established as a cooperative in 1983. The nine-building property has a swimming pool, tennis courts and 2,000 parking spaces. The property, which offers one, two and three-bedroom units, also features walking paths, parks and playgrounds.
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