Chris Xu Secures $30M Construction Loan For Long Island City Development Site

A development site located at 46-30 21st Street in Long Island City, with a square footage of 12,500, was involved in a recent transaction. The property was acquired by United Construction & Development Group, represented by Chris Xu. The loan for the transaction was provided by Bank Leumi, with a loan amount of $30,000,000. The loan type was construction.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Address: 46-30 21st Street, Long Island City
• Market: Long Island City
• Square Footage: 12,500
• Landlord: United Construction & Development Group - Chris Xu
• Lender: Bank Leumi

Chris Xu, representing United Construction & Development Group, successfully acquired the development site at 46-30 21st Street in Long Island City through a loan provided by Bank Leumi. The loan amount was $30,000,000, and the loan type was construction. This transaction highlights the collaboration between United Construction & Development Group and Bank Leumi in the Long Island City market.