Xiang Yu Cao Secures $8,360,000 Refinance Loan From Preferred Bank For Mixed-use Property

The property involved in the transaction is a mixed-use asset located at 134-37 Maple Avenue in Flushing, featuring a total square footage of 97,000. The loan amount for this refinance transaction is $8,360,000, with a loan term set for 30 years.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $8,360,000
• Asset Address: 134-37 Maple Avenue
• Market: Flushing
• Lender: Preferred Bank
• Landlord: Xiang Yu Cao
• Brokers: Ravinder Chopra, Yuvraj Chopra & Kuwar Chopra - STI Consultants
• Loan Type: Refinance
• Loan Terms: 30 Years

The deal was facilitated by brokers Ravinder Chopra, Yuvraj Chopra, and Kuwar Chopra, representing STI Consultants, a commercial finance firm specializing in structured lending solutions for various types of properties across the United States. STI Consultants has a proven track record of closing transactions ranging from $500,000 to $500 million, maintaining a 100% success rate for all loans undertaken.