IPG: Axos Bank, Cerberus Lead $354M Financing Deal for Queens Industrial Build

Innovo Property Group (IPG) has nabbed $354 million of construction financing for a planned industrial project in Long Island City, Queens, Commercial Observer has learned. Axos Bank and Cerberus Capital Management provided the construction debt for Inovo's development at 28-90 Review Avenue slated for completion in 2025. Goldman Sachs Asset Management's Urban Investment Group and [...]