Stanford Delta Inc. obtained financing of $6M from Shinhan Bank America

Stanford Delta Inc. as borrower signed a loan agreement with lender Shinhan Bank America valued at $5.5 million for 1 parcel, including the tax class one-story store building (K1) at 141-40 Northern Boulevard in Flushing. The deal closed on August 28, 2019 and was recorded on September 11, 2019.
The property contains a total of 6,970 square feet of built space. The property has 131,439 square feet of available development rights.
The average loan per buildable square foot is $40.

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