Century Development Group

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Century Development Group portfolio

$109 million* – condo 54%, elevator 18%; Queens 100%, Manhattan 0%

526th largest portfolio by dollar value

674,904 sqft – condo 46%, elevator 27%;

486th largest by SF

114 properties – Queens 100%, Manhattan 0%

72th largest

388 residential units – Queens 100%, Manhattan 0%

540th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $6 million

Borrower company: 6 for $140.2 million

Top Ten Associated Companies:

Signature Bank (2), Maxim Credit Group (1), Maxim Capital Group (1), Preferred Bank (1), MidFirst Bank (1), Webster Bank (1), Bank Hapoalim (1), Citibank (1), Miguel Oks (1), Bank of Hope (1)

Top Ten Associated People:

Eric Sadkin (1), Joshua Knoll (1), Jacky Wong (1), James Lim (1), Olga Bogrova (1), Gerard DePoalo (1), Hui Hui Liao (1), Anna Gutteridge (1), Miguel Oks (1), Dan Kim (1)

Recent activity as company:

Century Development Group borrowed $8.8 million from Golden Bank for 135-01 35th Avenue, Flushing, Queens on July 02, 2024.

Century Development Group borrowed $5 million from Pacific National Bank for 11-03 45th Avenue, Long Island City, Queens on June 10, 2024.

Century Development Group borrowed $29.7 million from Bravo Capital for 148-31 90th Avenue, Jamaica, Queens on April 16, 2024.

Century Development Group borrowed $13.6 million from Bank of Hope for 134-37 35th Avenue, 134-37 35th Avenue, 134-37 35th Avenue, 134-37 35th Avenue, 134-37 35th Avenue, and others, Flushing, Queens on April 12, 2024.

Miguel Oks sold 45-46 21st Street, Long Island City, Queens for $6 million to Century Development Group on October 23, 2023.

Century Development Group borrowed $40.1 million from Citibank for 134-37 35th Avenue, 134-37 35th Avenue, 134-37 35th Avenue, 134-37 35th Avenue, 134-37 35th Avenue, and others, Flushing, Queens on July 28, 2023.

Century Development Group borrowed $43 million from Bank Hapoalim for 11-36 45th Road, Long Island City, Queens on June 09, 2023.

Century Development Group for George Jiapeng Xu filed plans for new building for 120,247 sqft in Flushing, Queens, on January 04, 2023.

Century Development Group borrowed $35.2 million from Webster Bank for 148-37 88th Avenue, Jamaica, Queens on October 21, 2022.

Century Development Group borrowed $25.3 million from MidFirst Bank for 37-24 33rd Street, Long Island City, Queens on August 17, 2022.

Latest Stories:

• Century Development Group submits $118.9M condo plan in LIC (May 28, 2024)

• Century Development signs $29.7M refi loan with Bravo Capital for 90-unit rental in Jamaica (April 17, 2024)

• George Xu’s Century Development Group pays $6M for LIC office (October 24, 2023)

• Century Development Group signs $43M construction loan 119-unit project in LIC (June 12, 2023)

• George Xu’s Century Development files plans for 98 units in Flushing (January 09, 2023)

• Century Development signs $35.2M refi with Webster Bank for 109-unit condo project in Jamaica (October 24, 2022)

• Century Development files to demo LIC building ahead of 36-unit project (October 19, 2022)

• George Xu’s Century Development submits 52-unit condo plan at Flushing hotel, resi project (October 14, 2022)

• Century Development signs $25.3M new construction loan for 64-unit project in Long Island City (August 18, 2022)

• Century Development signs $65.7M construction loan with Maxim Capital for hotel in Flushing (May 24, 2022)

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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