Yu Tang Yang Secures $10.5 Million Refinance Loan From Arbor Realty Trust For Mixed-use Property In Flushing

The property asset involved in this transaction is a mixed-use building located at 35-10 Union Street in Flushing. It encompasses a total square footage of 50,706, which includes 46 units, consisting of 2 commercial and 44 residential units. The loan for this property was secured for a total amount of $10,500,000 as part of a refinance arrangement, with loan terms set for 5 years.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $10,500,000
• Square Footage: 50,706
• Address: 35-10 Union Street
• Market: Flushing
• Units: 46 (2 Commercial & 44 Residential)
• Lender: Arbor Realty Trust Inc
• Landlord: Yu Tang Yang
• Brokers: Gil Shenhav & David O'Leary - Avra Capital
• Loan Type: Refinance
• Loan Terms: 5 Years

The key individuals in this transaction include the landlord, Yu Tang Yang, and brokers Gil Shenhav and David O'Leary representing the deal through Avra Capital. Arbor Realty Trust Inc serves as the lender for this refinancing initiative, facilitating the financial aspect of the property transaction.