ICross Capital Provides $62 Million Construction Loan For Office Project In Flushing

The property asset involved in the transaction is located at 37-16 Union Street in Flushing. It is an office asset with a total square footage of 120,000 and consists of 89 units. The loan amount secured for this property is $62,000,000, categorized as a construction loan.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $62,000,000
• Address: 37-16 Union Street
• Market: Flushing
• Asset Size: 120,000 SF
• Units: 89
• Lender: iCross Capital
• Landlord: Albert Shirian & Aaron Shirian - Lions Group

The deal involves key individuals such as Lily Guo, Aaron Shirian, and Albert Shirian, who are associated with the transaction. Albert Shirian and Aaron Shirian represent Lions Group in their capacity as landlords for the property.