Lily Guo sells $3M loan secured by Holliswood parcels to North Sea Investment

Lily Guo through her ICross Capital sold a $3 million loan secured by 14 Holliswood parcels to North Sea Investment.
The property is owned by Steve Cheung Mou Yang Lam and Kwan Cho Cheung, and Guo through the entity Icross Fund 4 LLC as borrower sold the loan to North Sea Investment through the entity Taka NSI Hollis LLC valued at $3 million for 14 parcels, including the tax class not available at 87-07 Palermo Street, 193-14 Salerno Avenue, 194-12 Dunton Avenue and others in Holliswood. The deal closed on August 20, 2020 and was recorded on September 10, 2020.

At the time of the loan sale, the parties released five parcels from the mortgage, which now covers 14 parcels but had covered 19. The ownership group bought parcel 52 in 2015 and subdivided the lot to create new new tax lots.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 2,808 square feet. Those plans include a total of one residential unit.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link