Alex Lau, Steven Li & Jeff Zheng Of Montperia Group Secure $15.1M Construction Loan From Cathay Bank For Development Site In Long Island City

42 76 Hunter Street

$15,100,000

Building Size

—

Asset Type

Development Site

Closing

Jun 19, 2025

AI

The property asset involved in this transaction is a development site located at 42-76 Hunter Street, situated in the Long Island City market. The loan amount secured for this site is $15,100,000, classified as a construction loan.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $15,100,000
Lender: Cathay Bank
Landlord: Alex Lau, Steven Li & Jeff Zheng - Montperia Group
Loan Type: Construction

The key individuals involved in this deal include Alex Lau, Steven Li, and Jeff Zheng, who represent the Montperia Group. They are the landlords in this transaction, securing essential financing for their development plans.

Players