Eriberto De Guzman
United Overseas Bank
(UOB)
Lender
United Overseas Bank portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$40.8 million – retail 100%; Manhattan 100%, Bronx 0%
1063th largest portfolio by dollar value
70,135 sqft – retail 100%;
2342th largest by SF
1 foreclosure, 0 bankruptcies, 0 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 1 for $40.3 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
DivcoWest (1), CTF Development (1)
Top Ten Associated People:
Kenneth Wong (1), Daniel Sedlmayer (1)
Recent activity as signatory:
• CTF Development borrowed $40.3 million from United Overseas Bank for 981 Madison Avenue and 987 Madison Avenue, Lenox Hill, Manhattan on October 29, 2024.
• EMS Capital borrowed $12.5 million from East West Bank for 453 Broome Street, SoHo, Manhattan on September 10, 2024.
• Host Hotels & Resorts borrowed $150 million from Host Hotels & Resorts for 1414 Avenue Of The Amer, Midtown West, Manhattan on July 16, 2024.
• Savanna borrowed $105 million from Cottonwood Management for 106 West 56th Street, Midtown, Manhattan on September 23, 2021.
• DivcoWest borrowed $112.2 million from United Overseas Bank for 323-331 Hudson Street, Soho, Manhattan on June 09, 2021.
Latest Stories:
• EMS Capital pays $19.5M to Crown Acquisitions for retail leasehold in SoHo September 10, 2024
• Host Hotels pays $233.8M to Starwood for hotel in Midtown West July 17, 2024
• Cirrus buys $105M note secured by Savanna Midtown West office building November 30, 2023
• DivcoWest pays $134.1M to Jamestown for office building in Soho June 03, 2021
• Hotel Carlyle Owners Corp. borrows $50M from Credit Agricole for leased hotel on UES June 11, 2020
• Crown Acquisitions acquires interest in 453 Broome Street valued at $17M April 22, 2020