Transfers Teddy Li and Zheng Chen borrow $41M from Madison Realty Capital for hotel development in Long Island City December 5, 2019 6:52 am Teddy Li and Zheng Chen through the entity 559 Development, LLC as borrower signed a loan agreement To read an article sign up for a 7-day free trial to a Post subscription, just $10 per month. To access data including daily updated court records, sales, loans, new development and more, subscribe here to Professional level. If you are a subscriber log in to read the rest of this content. Continue Reading Previous Simon Kaufman borrows $21M from City National Bank for new multifamily property in Bedford-StuyvesantNext Toll Brothers borrows $77M from Bank of New York Mellon for new condo building in Gramercy