Commercial Observer reported that Madison Realty Capital and Naftali Credit Partners provided $125 million in construction financing for a 13-story, 241-unit luxury condominium tower at 70-28 Grand Central Parkway in Forest Hills, Queens. The project, developed by RJ Capital Holdings, Top Rock Holdings, and SYU Properties on the former Parkway Hospital site, is expected to be completed in late 2027 and will feature extensive amenities including a pool terrace, rooftop cabanas, and fitness center. This marks the ninth deal from Naftali Credit Partners' second opportunistic debt fund and represents a significant redevelopment milestone for the Forest Hills neighborhood.

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