Cathay Bank

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Cathay Bank portfolio

$5.8 million* – office 73%, condo 26%; Manhattan 73%, Queens 26%

3538th largest portfolio by dollar value

22,482 sqft – office 73%, condo 26%;

4024th largest by SF

4 properties – Queens 75%, Manhattan 25%

2042th 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

Lender company: 28 for $402 million

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)

Recent activity as company:

• Lap Fung Sun borrowed $9.8 million from Cathay Bank for 18-29 127th Street and N/A 128th Street, College Point, Queens on December 27, 2024.

Cun Long Chen borrowed $12.7 million from Cathay Bank for 134-11 Franklin Avenue, Flushing, Queens on December 19, 2024.

Hudson Companies and BedRock Real Estate Partners borrowed $21 million from Cathay Bank for 22 Caton Place, Windsor Terrace, Brooklyn on December 04, 2024.

Peng Guang Weng borrowed $13 million from Golden Bridge Funding for 1150 Metropolitan Avenue, East Williamsburg, Brooklyn on October 28, 2024.

• Ruoxu You, Liling Huang, Johnny Ho, William H. Su, Yolanda Chiong and Richard Myint borrowed $9.5 million from Cathay Bank for 126 Hester Street, Chinatown, Manhattan on October 17, 2024.

Xiaozheng Tang borrowed $0 from Ken Huang for 37-21 32nd Street, Long Island City, Queens on October 02, 2024.

Shuhua Wu borrowed $5.8 million from Cathay Bank for 238-248 55th Street, Sunset Park, Brooklyn on September 12, 2024.

Cathay Bank sold 41-48 Main Street, 41-48 Main Street, and 41-48 Main Street, Flushing, Queens for $3.3 million to Cathay Bank on August 20, 2024.

Cathay Bank sold 235 Fifth Avenue, NoMad, Manhattan for $8.8 million to Cathay Bank on August 19, 2024.

• Meiyun Chen and Chun Min Kwok borrowed $9 million from Cathay Bank for 134-16 36th Road, 134-16 36th Road, 134-16 36th Road, 134-16 36th Road, 134-16 36th Road, and others, Flushing, Queens on July 18, 2024.

Latest Stories:

• Joey Schwebel, Arkhouse pay $13M for industrial in Gowanus through bankruptcy (January 16, 2025)

• 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)

• Xiaogang Wang pays $14.4M to Avery Management for two buildings in Flatiron District (October 20, 2023)

• 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)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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