Qiuping Cui Lands $5 Million Construction Loan From Conventus For Glendora Condo Project

The asset involved in this transaction is a condo located at 501 West Route 66 in the Glendora market. The loan amount associated with this property is $5,000,000, which is designated for an 18-month construction loan. This loan is structured as a non-recourse ground-up construction loan intended for an 8 townhome project in Glendora, California.

Summary of transation details:

• Property Type: Condo
• Transaction Amount: $5,000,000
• Lender: Conventus
• Landlord: Qiuping Cui
• Broker: Kevin Wong - Quantum Capital Partners
• Loan Type: Construction
• Loan Terms: 18 month, non-recourse, ground up construction loan for 8 townhome project
• Address: 501 West Route 66
• Market: Glendora

This transaction features involvement from key individuals and firms, with Kevin Wong representing Quantum Capital Partners as the broker in this deal. The lender for this transaction is Conventus, which provides the financing necessary for the proposed construction project under the supervision of landlord Qiuping Cui.