Jasper Wu And Michael Wang Secure $6.375M Acquisition Loan For Long Island City Development Site

The asset involved in this transaction is a development site located at 46-34 11th Street and 10-54 46th Road in Long Island City. The loan amount for the acquisition is $6,375,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,375,000
• Lender: Angela Mulder - Pacific National Bank
• Landlord: Jasper Wu & Michael Wang
• Landlord's Representative: Morris Betesh, Omar Ferreira & Jacob Petrovic - Arrow Real Estate Advisors
• Loan Type: Acquisition

Key individuals involved in this transaction include Angela Mulder representing the lending side, and the landlords Jasper Wu and Michael Wang, who are entering into this deal for the development site. The representation for the landlords is provided by Morris Betesh, Omar Ferreira, and Jacob Petrovic from Arrow Real Estate Advisors.