Golden 8th Avenue Realty Corp Secures $23M Refinance Loan For Commercial Condominiums In Sunset Park, Brooklyn

Andy Wong, represented by Golden 8th Avenue Realty Corp, secured a $23 million refinance loan from Cathay Bank for 28 unsold commercial condominium units located at 5521 8th Avenue in Sunset Park, Brooklyn. The loan was obtained on 08/08/2023.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $23,000,000
• Lender: Cathay Bank - James Pai
• Landlord: Andy Wong

The refinance loan was provided by Cathay Bank, with James Pai acting as the bank's representative. The loan amount of $23 million was secured by Andy Wong, who is represented by Golden 8th Avenue Realty Corp. These funds were used to refinance the 28 unsold commercial condominium units at the property located at 5521 8th Avenue in Sunset Park, Brooklyn.