The Real Deal New York

Queens co-op complex Windsor Park nabs $89M refinancing from Capital One

Freddie Mac financing comes with 15-year term
October 05, 2016 08:30AM

Pool and courts at Windsor Park

Pool and courts at Windsor Park

Larry Kinitsky refinanced the Bayside co-op complex Windsor Park with a $89.3 million mortgage from Capital One Bank.

The Freddie Mac loan comes with a 15-year term. Windsor Park, at 213-05 75th Avenue, spans 42 acres, nine buildings and 1830 units. The property, which became a co-op in 1983, also includes a tennis court, a swimming pool and 2,000 parking spaces. Kinitsky serves as president of the co-op board.

Capital One is one of New York’s more active multifamily lenders.  In July, the bank financed Fairstead Capital’s TRData LogoTINY $315 million acquisition of the Harlem housing complex Savoy Park with a $238.9 million Freddie Mac loan.  [CO] — Konrad Putzier