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McKinley Homes US to construct condominiums in Great Neck, N.Y.
Transactions - MARCH 7, 2022

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McKinley Homes US to construct condominiums in Great Neck, N.Y.

by Released

McKinley Homes US, LLC, a land developer and builder based in Peachtree Corners, Ga., has plans to build The Rose at Great Neck Condominiums in Great Neck, N.Y.

The project received a $34 million loan to fund the construction, from ACRES Capital Corp., a nationwide direct lender and SEC-registered investment adviser.

The property will comprise 40 luxury condominium units for sale on three stories. It will also include 80 garage parking spaces on the 1.22-acre site.

Close to transportation links to Manhattan via a nearby Long Island Railroad station and a highly rated and desirable school district, The Rose at Great Neck is well situated for both the primary demographic targets of families and young professionals, as well as those looking to downsize their living situations.

“ACRES is pleased to provide funding for The Rose at Great Neck located within the highly sought-after Northern Nassau County market,” said Mark Fogel, ACRES CEO and president. “

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