The Real Deal:
Cape Advisors and Wainbridge Capital secured a $65 million loan to fund their purchase of a waterfront development site in Astoria.
The site at 30-77 Vernon Boulevard spans about 522,000 square feet. Cape Advisors and Wainbridge are planning a luxury five-building residential project with 770 affordable and market-rate apartments. Amenities include lounges, a rooftop deck and a fitness center.