Condo Development Bridge Loan 609

This project is located in downtown Flushing, New York's largest Chinese community. 5 minutes walking distance to 7 train and LIRR station, which compress the commuting time to Manhattan within 35 minutes. 20 minutes driving to New York City.

The project is in a densely populated, blooming upscale urban area. Next to community playground and PS20Q elementary school. The area is highly developed; nowadays it is the first choice for new immigrants to live in New York.

Lot size：

140-42 Sanford Ave  1,380 SQ. FT （10.58 ft * 70.67 ft）

140-44 Sanford Ave  1,885 SQ. FT （20.58 ft * 91.58 ft）

140-46 Sanford Ave  2,681 SQ. FT （32.17 ft * 83.33 ft）

Total Lot size       5,946 SQ. FT 

Buildable size：26,400 SQ. FT

Zoning: R7 Zoning (FAR 4.44)

Shares of Equity as collateral and personal guarantee

100% of shares of equity of the development company will be taken as collateral to Crowdfunz. Developer will sign the personal guarantee contract, further control the risk of investment. High capital safety, low project risk.

A High-Yield Investment

Investors are expecting to receive an estimated annual return rate depends on the shares invested: 1-2 shares: 8%, 3 shares or up：8.5%.  The developer will pay interest in advance for six months.

Short Investment Period

The investment term is no longer than 12 months, after 6 months developer have option to pay off the loan or extend month by month with interest disbursement to investors in advance. This project is classified as short-term low-risk investment product.

Perfect Location

This project is located in downtown Flushing, New York's largest Chinese community. 5 minutes walking distance to 7 train, 4 minutes to LIRR, which compress the commuting time to Manhattan within 35 minutes. 20 minutesdriving to New York City.

Professional Third Party Supervision

Appraisal Report and Competitive Market Analysis provided by professional third party, ensuring the reasonability of the loan amount.

Predicted Inflation of Prices in Local Condo Market

Based on the statistical data from Trulia. From 2012 to 2017, The average sale prices of real estate in Flushing went up by 35% each year and the prices still rises. The promising property market in local area will be a strong support of the project operating & return of the capital from our investors.

Outstanding Development Team

The developer has rooted in NYC for decades. The developer has completed millions worth of development, redevelopment, tenant improvement, and acquisition and disposition of multifamily and condo projects. Their vast experience on residential niche market extends across Brooklyn and Queens, specialized in Chinese neighborhood.

Projects developed and in developing

Construction project of 9-story mixed-use 32 residential unit condominium at 27th Street, LIC NY

Construction project of a 6-story 8 residential units condominium project at 27th Street, LIC NY

Construction project at 64th Ave. Rego Park, NY of 7-story mixed-use 19 residential units condominium building.

Construction project at Linden Place, Flushing NY low-rise ground up construction project of 16 residential units condominium project.

Construction project at Elmhurst Ave. Elmhurst, NY low-rise ground up construction project 38 residential units condominium project.

Architect Team

Angelo Ng & Anthony Ng, Architects Studio, PC possess over twenty five years experience in the Queens residential and commercial marketplace, and has been architect of record for a variety of multi‑family housing types with a construction volume exceeding $100,000,000.00. The firm was ranked among the top 5 in Residential Architects in Queens by The Real Deal Magazine.

Projects completed and involved

QUEENS BLVD HOTEL; 182 PLAZA; 41st AVE, LIC; 27 Avenue ASTORIA; PHOENIX MANOR; EPIC TOWER; Parsons Blvd Office Tower; FLUSHING POINT PLAZA; LIC Realty Manor; REGO PARK PLAZA; ASIA BUILDING; SUNRISE PLAZA Etc.