ZD Jasper Realty Secures $103M Construction Loan From Preferred Bank For Hudson Yards Development Sites

ZD Jasper Realty, represented by its owner Jasper Wu, has secured a new construction loan valued at $103 million from Preferred Bank. The loan is specifically intended for the development sites located at 501, 485-487, and 489-491 9th Avenue in Hudson Yards, Manhattan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $103,000,000
• Lender: Sylvia Tseng - Preferred Bank
• Landlord: Jasper Wu - ZD Jasper Realty

This substantial loan will facilitate the construction and development of the mentioned sites, with ZD Jasper Realty leading the project. The loan, provided by Preferred Bank and facilitated by Sylvia Tseng, will support the advancement of the development site in Hudson Yards, Manhattan.