Cathay Bank
People:
Cathay Bank portfolio
$5.8 million – office 73%, condo 26%; Manhattan 73%, Queens 26%
3502th largest portfolio by dollar value
22,482 sqft – office 73%, condo 26%;
3983th largest by SF
4 properties – Queens 75%, Manhattan 25%
153th largest
8 foreclosures, 2 bankruptcies, 0 other court cases.
Company Activity past 24 months:
Buyer company: 2 for $12 million
Seller company: 2 for $12 million
Borrower company: 0 for $0
Lender company: 29 for $417.6 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Ricky Liang (5), Xue Mei Yi (4), Ki Tai Yeung (3), Itzhak Maman (2), Yin Chou Hu (2), Fei Guo (2), Richard Myint (2), Xiao Jun Chen (2), Cathay Bank (2), Xin Xiang Lin (2)
Top Ten Associated People:
Xue Mei Yi (4), Ricky Liang (4), Ki Tai Yeung (3), Jiashu Xu (2), Fei Guo (2), Richard Myint (2), Xiao Jun Chen (2), Betty Cheng (2), Anthony Hu (2), Yong Qiu (1)
Latest Stories:
• Hudson Cos., BedRock, sign $21M refi for 73-unit rental in Windsor Terrace (December 05, 2024)
• Ken Huang buys $23M note secured by 89-unit LIC condo project in foreclosure (October 03, 2024)
• Hiwin Group files plans for 49 units in Flatiron District, site cost $22.5M (August 26, 2024)
• Heli Song pays $8M to Elysee Investment for 1-story retail in Flatiron District (July 10, 2024)
• Xiao Ke Tang signs $18.2M construction loan for 27-unit dev site in Sunnyside (January 15, 2024)
• Akkads put Gowanus loft in bankruptcy to halt $36M judgment auction (October 04, 2023)
• William Su signs $22.3M refi with Cathay Bank for hotel in Chinatown (September 25, 2023)
• Andy Wong signs $23M refi for unsold commercial condos in Sunset Park (September 06, 2023)
• Cun Chen plans 42-unit project in Flushing (August 31, 2023)
• Joel Schwartz signs $27.4M refi for residential elevator in Cypress Hills (July 19, 2023)
Litigation: