Asian Americans For Equality Secures $79.2M Construction Loan For Flushing Development Site | 133-04 Cherry Street | UMB Bank | Development Site | Loan

Summary

Loan

NEW YORK

Development Site

Development Site located at 133-04 39th Avenue in Flushing, Queens, with a building size of 62,932 square feet and a total of 90 units, was the subject of a $79.2 million construction loan secured from UMB Bank by the landlord, Thomas Yu, of Asian Americans For Equality.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $79,200,000
Lender: UMB Bank
Landlord: Thomas Yu - Asian Americans For Equality

Asian Americans For Equality, represented by Magnolia Gardens Developer Inc., facilitated the loan agreement with UMB Bank for the development of the building at 133-04 39th Avenue in Flushing, Queens.

Players

All
1

Lenders
1

UMB Bank

Details

Deal Summary

FINANCED

IMAGE: Thomas Yu DATE: 02/20/2024 ADDRESS: 133-04 39th Avenue MARKET: Flushing, Queens ASSET TYPE: Development Site ~ BSF: 62,932 ~ UNITS: 90 LENDER: UMB Bank (@UMBBank) LANDLORD: Thomas Yu - Asian Americans For Equality LOAN AMOUNT: $79,200,000 NOTE: Asian Americans For Equality, represented by Magnolia Gardens Developer Inc., secured a $79.2 million construction loan from UMB Bank for the development of building (V1) at 133-04 39th Avenue in Flushing, Queens.

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Address133-04 Cherry Street

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