Begonia has acquired financing with partner The Bank of East Asia for a new Temple City project.
With our business partner’s help and generous support, the Bank East of Asia, Begonia acquired financing for a construction loan for $32.75 million.
With this loan, Begonia Real Estate Development is developing its first project in Temple City, CA. This fully amenitized mixed-use multifamily development will feature 74 rental units with 19 penthouse units and 11,000 square feet of retail on the bottom floor.
Begonia looks to further its opportunities to partner with Bank East of Asia to create more projects. The Bank East of Asia, a Hong Kong banking and financial services company, is the largest independent Hong Kong Bank. BEA offers banking, wealth management, and investment services to customers in Hong Kong, Mainland China, and other major markets around the world.