F&T Group

People:

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F&T Group portfolio

$198.8 million* – condo 79.0%, industrial 19.0%; Queens 100.0%, Manhattan 0.0%

306th largest portfolio by dollar value

818,936 sqft – condo 85.0%, industrial 14.0%;

404th largest by SF

60 properties – Queens 100%, Manhattan 0%

159th largest

151 residential units – Queens 100.0%, Manhattan 0.0%

1082th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $32.8 million

Seller company: 2 for $5.8 million

Borrower company: 1 for $57.1 million

Top Ten Associated Companies:

Shanghai Commercial Bank (6), Willy Ky (1), Shanghai Construction Group (1), Simon Hung (1), JPMorgan Chase (1), Barclays (1), Wang Chen (1), Yiwen Peng (1), Cathay Bank (1), Ziqiang Zhu (1)

Top Ten Associated People:

Willy Ky (1), Jennifer R. Lewin (1), Adam Scotto (1), Wang Chen (1), Yiwen Peng (1), Ziqiang Zhu (1), Kevin Tin (1), Michael Kwong (1), Chunsheng Liang (1), Jie Wu (1)

Recent activity as company:

F&T Group and Shanghai Construction Group sold 37-12 Prince Street, Flushing, Queens for $3 million to Zhang Hai Huang on November 03, 2023.

Rockefeller Group Development sold 37-01 138th Street, Flushing, Queens for $32.8 million to F&T Group on June 12, 2023.

F&T Group and Shanghai Construction Group sold 37-12 Prince Street, Flushing, Queens for $2.9 million to Kevin Tin on June 05, 2023.

F&T Group borrowed $57.1 million from JPMorgan Chase and Barclays for 38-21 Main Street, 38-21 Main Street, 38-21 Main Street, 38-21 Main Street, 38-21 Main Street, and others, Flushing, Queens on May 19, 2023.

F&T Group and SCG America sold 37-12 Prince Street, Flushing, Queens for $1.8 million to Jie Wu and Jaling Wang on January 30, 2023.

F&T Group sold 37-12 Prince Street, Flushing, Queens for $2.9 million to Chunsheng Liang on October 31, 2022.

• Shanghai Construction Group and F&T Group sold 37-12 Prince Street, Flushing, Queens for $2.9 million to Michael Kwong on October 21, 2022.

F&T Group borrowed $14.2 million from Shanghai Commercial Bank for 37-12 Prince Street, 37-12 Prince Street, 37-12 Prince Street, 37-12 Prince Street, 37-12 Prince Street, and others, Flushing, Queens on October 11, 2022.

F&T Group sold 37-12 Prince Street, Flushing, Queens for $2.9 million to Ziqiang Zhu on September 20, 2022.

F&T Group borrowed $12 million from Cathay Bank for 133-42 39th Avenue, 133-42 39th Avenue, and 133-42 39th Avenue, Flushing, Queens on July 28, 2022.

Latest Stories:

• F&T Group pays $32.8M to partners for Flushing Commons dev site (June 13, 2023)

• Kevin Tin pays $2.9M to F&T Group for office condo in Flushing (June 06, 2023)

• F&T Group signs $57.1M refi for 17 commercial condos in Flushing, down from $75M (May 22, 2023)

• F&T Group signs $14.2M condo inventory loan for 10 unsold units in Flushing (October 12, 2022)

• Shanghai Construction Group acquires stake from partner F&T Group valued at $36M for hotel in Flushing (February 02, 2022)

• F&T Group borrows $32M from Shanghai Commercial Bank for hotel condo in Flushing (April 10, 2020)

• F&T Group borrows $138M from Shanghai Commercial Bank for a construction project in Flushing (November 01, 2019)

• F&T Group borrows $25M from Shanghai Commercial Bank for parking lot in Flushing (October 01, 2019)

• F&T Group obtained financing of $163M from Shanghai Commercial Bank (July 25, 2019)

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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