JLL Capital Markets announced that it has arranged $224.3 million in bridge financing for The Italic, a newly delivered, trophy, mixed-use, residential tower located at 26–32 Jackson Ave. in Long Island City, Queens.
JLL represented the borrowers, a joint venture between The Carlyle Group, Fetner Properties and Lions Group. Wells Fargo acted as administrative agent and lender.
Completed in 2025, The Italic is a 49-story, 363-unit, luxury residential tower comprising 254 market-rate residences and 109 affordable units, along with approximately 10,300 square feet of ground-floor retail. The property encompasses nearly 290,000 rentable square feet and rises at the nexus of Queens Plaza, Court Square and Sunnyside Yards, one of New York City’s most transit-rich residential submarkets.
“Wells Fargo’s commitment to our long-standing and important relationship, along with JLL’s commitment to excellence and attention to detail led to an outstanding and extreme
