Jasper Wu Strikes Again: ZD Jasper Secures Second Construction Loan in One Week for Queens Boulevard Development
Jasper Wu is making moves in the real estate game, adding another $66.1 million loan to his already impressive portfolio.
It seems like Jasper Wu, CEO of ZD Jasper, has been on a winning streak this week. After securing a $66.1 million financing package from First Citizens Bank for his project at 64-11 Queens Boulevard, Wu has solidified his presence in the New York real estate market.
The loan was obtained concurrently with the $18.6 million acquisition of the site, marking another successful transaction for Wu. Ripco Real Estate's Adam Hakim, James Murad, and Michael Winter facilitated the financing, while Stephen Preuss and Andreas Efthymiou of the same firm managed the sale from a joint venture of family offices.
ZD Jasper's plans for the development include a 14-story building with 175 residential units and 11,000 square feet of ground-floor retail. The project will also feature below-grade parking, catering to the needs of modern city dwellers.
It is no surprise that Wu has been able to secure such impressive deals, as he has been making a name for himself in the industry with his savvy business tactics and strategic partnerships.
"Jasper Wu is a force to be reckoned with in the real estate world," remarks a source close to the deal. "He knows how to make things happen and is constantly on the lookout for new opportunities."
Accurate, fact-checked rewrite of the article. Originally reported by The Real Deal.
https://therealdeal.com/new-york/2025/08/29/zd-jasper-commands-second-construction-loan-of-the-week/