Shanghai Commercial has offered up more construction financing for a new development, this time for a mixed-use project in Flushing. The Hong Kong-based lender provided $75 million to an entity managed by developer Philip Chong of HCRE for the development at 144-51 Northern Boulevard, according to mortgage documents recorded Monday with the city’s Department of Finance. The bank did not immediately return a request for comment. Chong could not be reached. The borrowing entity, CW […]
source https://therealdeal.com/2019/01/28/queens-developer-lands-75m-loan-for-latest-flushing-project/
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