Ding Liang Cao borrows $7M from Cathay Bank for property in Elmhurst

September 17, 2019 5:52 am

Ding Liang Cao through the entity DC Woodside LLC as borrower signed a loan agreement with lender Cathay Bank valued at $6.5 million for 1 parcel, including the tax class fireproof warehouse (E1) at 71-08 51st Avenue in Elmhurst. The deal closed on August 29, 2019 and was recorded on September 16, 2019.
The property contains a total of 26,000 square feet of built space. The property has 4,583 square feet of available development rights.
The average loan per buildable square foot is $213.

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

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