MURAL Hillside Avenue
About the project
MURAL Real Estate Partners, LLC is a minority-, woman-owned full-service real estate company that aims to spur economic development primarily through the conception, development, and management of mixed-use assets in urban and suburban neighborhoods. Formed in 2022, MURAL is led by industry veteran and mixed-use development expert Robin Zeigler, with support from a team of employees and project partners in development, financial analysis, asset management, leasing, marketing and planning.
MURAL is headquartered in New York City and its geographic footprint includes New York, Washington, DC and Florida.
LISC originated a $24.70 million acquisition loan to MURAL Real Estate Partners on behalf of the New York City Acquisition Loan Fund. LISC's loan totals $494,000. MURAL will use the funds for acquisition and predevelopment work for two newly constructed, multifamily buildings in the Jamaica Queens section of New York City. The project will include 153 affordable units, including 36 units set aside for individuals experiencing homelessness. The project will also include ground floor retail space.
Partner:
MURAL Real Estate Partners, LLC
Location:
New York, NY
Total Investment:
$494,000
Results:
230 units
Project Category:
Affordable Housing
Product:
Acquisition loan
Website:
UN SDGs: