Xiao Jun Chen Secures $10.2M Loan From EastWest Bank For Sunset Park Development

The property at 6025 6th Avenue in Sunset Park, Brooklyn, is a mixed-use asset. Xiao Jun Chen, the landlord of the property, secured a $10.2 million loan from EastWest Bank for the development of a new building at the site of the former health center.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $10,200,000
• Address: 6025 6th Avenue
• Market: Sunset Park, Brooklyn
• Lender: EastWest Bank
• Landlord: Xiao Jun Chen

Xiao Jun Chen, the owner of the property at 6025 Sixth Ave., has shown progress in Sunset Park's mixed-use development by securing the substantial loan for the new building project.