Condo developer Ki Tai Yeung borrows $15M from Cathay Bank to buy units in Elmhurst

Condo developer Ki Tai Yeung through the entity Elm 53 Tower LLC as borrower signed a loan agreement with lender Cathay Bank valued at $15 million for 53 parcels, including the tax class residential condo in Acris (SC) and containing 53 residential units at 45-11 82nd Street in Elmhurst. The deal closed on September 9, 2020 and was recorded on October 26, 2020.
The property contains a total of square feet of built space.
The average loan per unit is $283,019.

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

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