Lian Wu Shao borrows $7M from Popular Bank to purchase retail property in Flushing

Lian Wu Shao through the entity Heng Xing 3719 LLC as borrower signed an acquisition loan agreement with lender Popular Bank valued at $6.6 million for 1 parcel, including the tax class retail building with apartments above (K4) at 37-19 Main Street in Flushing. The deal closed on March 20, 2020 and was recorded on March 30, 2020.
The property contains a total of 10,000 square feet of built space.
The average loan per buildable square foot is $656.
This is an acquisition loan, as part of Lian Wu Shao’s purchase of the property on the same date, for $11.5 million.

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