Jian Wu Chen & Xiao Chu Zhou Secure $9M Acquisition Loan For Retail Building

The retail building located at 45-01 82nd Street in Elmhurst, Queens, with a total square footage of 16,539 and a building square footage of 66,400, was the subject of an acquisition loan. Jian Wu Chen & Xiao Chu Zhou, the landlords, secured a $9 million loan from CTBC Bank for this property.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $9,000,000
• Asset Type: Retail
• Address: 45-01 82nd Street
• Market: Elmhurst, Queens
• Lender: CTBC Bank
• Landlord: Jian Wu Chen & Xiao Chu Zhou
• Loan Type: Acquisition

Represented by US NY Group LLC, Jian Wu Chen and Xiao Chu Zhou successfully secured the $9 million acquisition loan from CTBC Bank. The transaction involved the strategic collaboration between the landlords and the lending institution, facilitating the acquisition of the retail building in Elmhurst, Queens.