Liu Yun Chen borrows $15M from Castellan Real Estate Partners for property in Financial District

Liu Yun Chen through 10-12 Mlane, LLC as borrower signed a loan agreement with lender Castellan Real Estate Partners through the entity Creif 187 LLC valued at $15.2 million for 2 parcels, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 8 Maiden Lane, 10 Maiden Lane in Financial District. The deal closed on October 9, 2019 and was recorded on October 18, 2019.
The property contains a total of square feet of built space. The property has 51,310 square feet of available development rights.
The average loan per buildable square foot is $296.
The last time the property sold was July 30, 2013, for $5,600,000.

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