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BHI, a commercial bank, has provided a construction loan of $65.34 million to NuVerse Advisors for the development of 30-55 Vernon Boulevard in Astoria, Queens. The nine-story mixed-use development will consist of 121 residential units, two retail spaces and a community facility with onsite parking.

Ilana Druyan, head of international origination at BHI commented: “The continued development of the Astoria waterfront area is incredibly exciting and we are proud to be partaking in this project with NuVerse which furthers our ongoing relationship. This transaction demonstrates our strategic focus on multi-family growth as well as our commitment to positively impacting the areas we serve.”

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