Cohen of Leviathan Capital arranges $1.6 million construction loan

Queens, NY According to Leviathan Capital, Peter Cohen has closed a $1.6 million construction loan. The proceeds will be used to develop two industrial warehouses located in the Astoria neighborhood.

Despite this being the sponsor’s first construction project. Cohen guided the borrower through every step of the process, making it seamless from start to finish. Although Industrial construction is often more complex to finance than multifamily, Cohen was able to structure competitive terms, featuring:

• 10.25% Interest-Only
• 24-month term
• 12-month interest reserve

This closing highlights Leviathan Capital's ability to deliver tailored capital solutions for complex projects in competitive markets.