New Era Life Insurance
(New Era Life Insurance Company, New Era Life Insurance Company of the Midwest, Philadelphia American Life Insurance Company)
Lender
Insurance
11720 Katy Freeway, Suite 1700, Houston, TX 77079
People:
Company Activity past 24 months:
Lender company: 7 for $235.5 million
Recent activity as company:
• United Construction & Development Group borrowed $39.5 million from New Era Life Insurance for 41-37 21 Street on November 14, 2025.
• United Construction & Development Group and Ki Tai Yeung borrowed $22.5 million from New Era Life Insurance for 6223 6 Avenue on June 18, 2025.
• United Construction & Development Group borrowed $40 million from New Era Life Insurance for 93-99 62 Avenue on May 30, 2025.
• United Construction & Development Group borrowed $65 million from New Era Life Insurance Company for 134-03 35 Avenue on January 28, 2025.
• United Construction & Development Group borrowed $25 million from New Era Life Insurance Company for 131-39 Roosevelt Avenue on December 03, 2024.
• Weizhen Chen borrowed $16 million from New Era Life Insurance for 33-45 Farrington Street on February 29, 2024.
• United Construction & Development Group borrowed $27.5 million from New Era Life Insurance for 41-37 21 Street on January 12, 2024.
• United Construction & Development Group borrowed $9.2 million from New Era Life Insurance for 28-70 College Point Boulevard on August 23, 2023.
Latest Stories:
• United Construction signs $22.5M refi with New Era for dev site in Sunset Park (July 25, 2025)
• Weizhen Chen pays $23.1M for bankrupt mixed-use in Flushing (March 25, 2024)
• United Construction pays $71.1M to Vornado for dev site in Rego Park (June 08, 2023)
• $28M bankruptcy to block receiver at Flushing commercial building (May 24, 2023)