Charles and Young Sook Chong borrow $6M from Bank Of Hope for property in Nomad

Charles and Young Sook Chong through the entity 816 Enterprises LLC as borrower signed a loan agreement with lender Bank of Hope valued at $6.2 million for 1 parcel, including the tax class retail building with apartments above (K4) at 816 Avenue Of The Americas in Nomad. The deal closed on September 19, 2019 and was recorded on October 11, 2019.
The property contains a total of 4,690 square feet of built space. The property has 5,187 square feet of available development rights.
The average loan per buildable square foot is $624.
The last time the property sold was September 19, 2019, for $6,850,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link