Amerasia Bank

Lender

People:

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Amerasia Bank NYC portfolio

$12.9 million -retail 41%, office 37%, industrial 21%; Queens 58%, Brooklyn 41%*

4282th largest portfolio by dollar value

21,450 sqft – office 73%, retail 26%; Queens 73%, Brooklyn 26%

4839th largest by SF

7 properties – Queens 85%, Brooklyn 14%

1581th largest

6 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 2 for $11.9 million

Seller company: 1 for $6.9 million

Lender company: 12 for $99.5 million

Top Ten Associated Companies:

Sunlight Development (1)

Top Ten Associated People:

Jia He Chen (1)

Recent activity as company:

• Palwinder Singh borrowed $8.8 million from Amerasia Bank for 177-06 87 Drive on April 28, 2026.

• Lee Fung Fong and Henry Zheng borrowed $17 million from Amerasia Bank for None on February 27, 2026.

• Moshe Ben Saul borrowed $6.2 million from Amerasia Bank for 109-21 Horace Harding Expressway on December 09, 2025.

• Vision Enterprises Management sold 214-01 Northern Boulevard for $6.5 million to Amerasia Bank on September 30, 2025.

• Cun Long Chen borrowed $45 million from Ponce Bank for 136-30 37 Avenue on September 30, 2025.

• Amerasia Bank sold 134-38 35th Avenue, 134-38 35th Avenue, 134-38 35th Avenue, 134-38 35th Avenue, 134-38 35th Avenue, and others, Flushing, Queens for $6.9 million to Sunlight Development on September 29, 2025.

• FSA Capital borrowed $5.6 million from Amerasia Bank for 2-24 51 Avenue on September 05, 2025.

• Mei Ping Matsumura borrowed $6 million from Amerasia Bank for 35-36 Farrington Street on August 26, 2025.

• Xiu Hui Lu borrowed $5 million from Royal Business Bank for 53 Hester Street on July 29, 2025.

• Daljeet Singh Kamboj and Gouranga C. Kundu borrowed $3.5 million from Amerasia Bank for 168-01 88 Avenue on July 02, 2025.

Latest Stories:

• Lee Fung Fong, Henry Zheng pay $27.2M for Senton Hotel in NoMad (March 10, 2026)

• Cun Long Chen signs $45M construction loan with Ponce for retail, office project in Flushing (October 23, 2025)

• Amerasia Bank pays $6.5M to buy its headquarters in Bayside (October 15, 2025)

• Sunlight Development pays $6.9M to Amerasia Bank for mixed-use building in Flushing (October 09, 2025)

• Palwinder Singh pays $3.6M for 36-unit dev site in Jamaica Estates (August 31, 2025)

• Sherajul Islam pays $10.5M for 31-unit rental in Jamaica (April 30, 2025)

• Ramji Dass pays $6.1M to Mark Shakarov for new 8-unit rental in Astoria (April 25, 2025)

• Amerasia Bank pays $5.4M to Jackson Group, ACHS Management for retail in Bensonhurst (September 12, 2024)

• Sunlight Development pays $9.8M for mid-construction project in Sunset Park (September 03, 2024)

• David Aboodi affiliate buys $4.98M note secured by Sunset Park dev site (June 25, 2024)

Court Records:

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Properties:

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