F&T Group
Owner, Developer
Private Equity
37-12 Prince Street, Flushing, New York 11354
People:
F&T Group NYC portfolio
$483.2 million -condo 81%, industrial 13%, specialty 4%; Queens 99%*
455th largest portfolio by dollar value
1,056,037 sqft – condo 88%, industrial 11%; Queens 100%
465th largest by SF
10 properties – Queens 100%
1003th largest
151 residential units – Queens 100%
1399th largest by residential units
7 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Borrower company: 3 for $20 million
Developer (new building or major alteration): 2 for 473,662 square feet
Top Ten Associated Companies:
Shanghai Commercial Bank (6), Cirrus Real Estate Partners (2), Jinghua He (1), Wang Chen (1), Yiwen Peng (1), Chunsheng Liang (1), F&T Group (1), Zhang Hai Huang (1), Michael Kwong (1), JPMorgan Chase (1)
Top Ten Associated People:
Jinghua He (1), Wang Chen (1), Yiwen Peng (1), Chunsheng Liang (1), Sunny Chiu (1), Zhang Hai Huang (1), Michael Kwong (1), Jennifer R. Lewin (1), Adam Scotto (1), Jie Wu (1)
Recent activity as company:
• F&T Group for Richard Siu filed plans for new building for 315,325 sqft in Flushing, Queens, on December 17, 2025.
• F&T Group borrowed $20 million from Maxim Capital Group for 35-32 College Point Boulevard on October 28, 2025.
• Cirrus Real Estate Partners on September 30, 2025 bought a loan with an original principal of $25 million from Shanghai Commercial Bank, signed by Nim Chi Lau|Chiu Nam Wu, secured by 37-02 College Point Boulevard, when owned by F&T Group.
• Cirrus Real Estate Partners on September 30, 2025 bought a loan with an original principal of $137 million from Shanghai Commercial Bank, signed by Nim Chi Lau|Chiu Nam Wu, secured by 133-36 37th Avenue, 133-36 37th Avenue, 133-27 39th Avenue, 133-27 39th Avenue, 37-12 Prince Street, and others, Flushing, Queens, when owned by F&T Group.
• F&T Group for Richard Siu filed plans for new building for 158,337 sqft in Flushing, Queens, on March 19, 2025.
• F&T Group and Shanghai Construction Group sold 37-12 Prince Street, Flushing, Queens for $3 million to Zhang Hai Huang on October 18, 2023.
• Rockefeller Group Development sold 136-35 39 Avenue for $32.8 million to F&T Group on June 01, 2023.
• F&T Group and Shanghai Construction Group sold 37-12 Prince Street, Flushing, Queens for $2.9 million to Kevin Tin on May 30, 2023.
• F&T Group borrowed $57.1 million from JPMorgan Chase and Barclays for 38-21 Main Street, 38-21 Main Street, 38-21 Main Street, 38-21 Main Street, 38-21 Main Street, and others, Flushing, Queens on May 05, 2023.
• F&T Group and SCG America sold 37-12 Prince Street, Flushing, Queens for $1.8 million to Jie Wu and Jaling Wang on January 13, 2023.
Latest Stories:
• Cirrus files pre-foreclosures on $187M debt at F&T’s Flushing holdings (November 21, 2025)
• Cirrus Real Estate buys $25M note secured by F&T parking lot in Flushing (November 06, 2025)
• F&T Group pays $32.8M to partners for Flushing Commons dev site (June 13, 2023)
• Kevin Tin pays $2.9M to F&T Group for office condo in Flushing (June 06, 2023)
• F&T Group signs $57.1M refi for 17 commercial condos in Flushing, down from $75M (May 22, 2023)
• F&T Group signs $14.2M condo inventory loan for 10 unsold units in Flushing (October 12, 2022)
• F&T Group borrows $32M from Shanghai Commercial Bank for hotel condo in Flushing (April 10, 2020)
Court Records:
Properties:
