Jiashu Xu

(Jia Shu Xu, Chris Xu)

President And Founder

United Construction & Development Group

Developer, Owner

112-15 NORTHERN BLVD, #2 CORONA NY 11368

United Construction & Development Group portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$195.9 million – condo 28.0%, development 22.0%; Queens 95.0%, Brooklyn 4.0%

294th largest portfolio by dollar value

1,515,451 sqft – O8 27.0%, elevator 20.0%;

210th largest by SF

87 properties – Queens 97%, Brooklyn 2%

75th largest

2,916 residential units – Queens 100.0%, Manhattan 0.0%

62th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Person Activity past 24 months:

Buyer signatory: 4 for $166 million

Seller signatory: 1 for $21.4 million

Borrower signatory: 13 for $301 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 4 for 345,365 square feet

Top Ten Associated Companies:

Bank of China (4), First Commercial Bank (3), Frank Wong (3), Cathay Bank (2), Maxim Capital Group (2), New Era Life Insurance (2), State Bank of Texas (2), New Land Capital (1), Berkshire Bank (1), Young Nian Group (1)

Top Ten Associated People:

Frank Wong (3), Bill S. Chen (2), Jeanette Kahan (1), Yong Ma (1), Raymond Qiao (1), Ann S. Wilhelm (1), Ching Fang Lio (1), Victor Brown (1), Christopher Gregg (1), Tianyi Wang (1)

Recent activity as signatory:

• United Construction & Development Group borrowed $25 million from New Era Life Insurance Company for 131-01 Roosevelt Avenue, Flushing, Queens on December 26, 2024.

• United Construction & Development Group borrowed $24 million from Bank of China for 86-55 Queens Boulevard, Elmhurst, Queens on September 10, 2024.

• United Construction & Development Groupand Ki Tai Yeung sold 23-15 44th Drive, 23-15 44th Drive, 23-15 44th Drive, 23-15 44th Drive, 23-15 44th Drive, and others, Long Island City, Queens for $21.4 million to Frank Wong on May 30, 2024.

• Frank Wong sold 6201 6th Avenue and N/A 6th Avenue, Sunset Park, Brooklyn for $21.4 million to United Construction & Development Groupand Ki Tai Yeung on May 29, 2024.

• United Construction & Development Group borrowed $52.2 million from State Bank of Texas for 148-22 Archer Avenue, Jamaica, Queens on April 30, 2024.

• United Construction & Development Group borrowed $38.2 million from Maxim Capital Group for 42-50 24th Street, Long Island City, Queens on March 11, 2024.

• Fisher Brothersand Hakim Organization sold 42-50 24th Street, Long Island City, Queens for $57.5 million to United Construction & Development Group on March 06, 2024.

• United Construction & Development Group borrowed $27.5 million from New Era Life Insurance for 41-50 21st Street, Long Island City, Queens on February 26, 2024.

• Jiashu Xu filed plans for new building for 56,122 sqft in Flushing, Queens, on February 13, 2024.

• Jiashu Xu filed plans for new building for 56,122 sqft in Queens, on February 13, 2024.