Ponce Bank Refinances Office Building For Alex Lau In Woodside For $6.4M

The property asset involved in this transaction is an office building located at 60-20 Woodside Avenue in the Woodside market. It comprises 22,316 square feet and consists of 2 units.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,400,000
• Loan Type: Refinance
• Loan Terms: 5 years plus 5 years
• Lender: Yanni Kouzilos & Douglas Romero & Ponce Bank
• Landlord: Alex Lau - Montperia Group
• Lender's Attorney: Jane Chen - The Usinger Law Practice PLLC

Ponce Bank, a community development financial institution, facilitated the refinancing for Alex Lau, a long-standing client, emphasizing its commitment to active lending solutions and community support in New York City.