Lana Choy as signatory borrows $8M from Cathay Bank for property in Tribeca

Lana Choy through the entity 100 Lafayette, LLC as borrower signed a loan agreement with lender Cathay Bank valued at $7.5 million for 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6) at 100 Lafayette Street also known as 91 Walker Street in Tribeca. The deal closed on May 6, 2020 and was recorded on May 13, 2020.
The property contains a total of 55,400 square feet of built space.
The average loan per buildable square foot is $135.
The prior debt was $4.1 million from HSBC Bank.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $442,990.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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