Cirrus Real Estate Partners Acquires $25M Note From Shanghai Commercial Bank In Flushing Queens

A note secured by F&T Group’s surface parking lot located at 37-02 College Point Boulevard in Flushing, Queens was involved in this transaction. The asset was acquired for a total amount of $25,000,000.

Summary of transaction details:

• Property Type: Note / Loan
• Transaction Amount: $25,000,000
• Buyer: Cirrus Real Estate Partners
• Seller: Shanghai Commercial Bank
• Location: 37-02 College Point Boulevard, Flushing, Queens

The transaction was facilitated between Cirrus Real Estate Partners, representing the buyer, and Shanghai Commercial Bank, representing the seller. The deal involves a financial instrument rather than a traditional real estate transaction.