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
Company Activity past 24 months:
Lender company: 5 for $142.7 million
Top Ten Associated Companies:
United Construction & Development Group (4), Weizhen Chen (1)
Top Ten Associated People:
Jiashu Xu (4), Weizhen Chen (1)
Recent activity as company:
• United Construction & Development Group borrowed $65 million from New Era Life Insurance Company for 134-03 35th Avenue, Flushing, Queens on February 19, 2025.
• United Construction & Development Group borrowed $25 million from New Era Life Insurance Company for 131-01 Roosevelt Avenue, Flushing, Queens on December 26, 2024.
• Weizhen Chen borrowed $16 million from New Era Life Insurance for 33-37 Farrington Street, Flushing, Queens on March 22, 2024.
• United Construction & Development Group borrowed $27.5 million from New Era Life Insurance for 41-50 21st Street, Long Island City, Queens on February 26, 2024.
• United Construction & Development Group borrowed $9.2 million from New Era Life Insurance for 28-66 College Point Blvd, College Point, Queens on September 20, 2023.
Latest Stories:
• Weizhen Chen pays $23.1M for bankrupt mixed-use in Flushing (March 25, 2024)
• $28M bankruptcy to block receiver at Flushing commercial building (May 24, 2023)
• Sioni Capital buys $13M note from Dime Community secured by mixed-use in Flushing (July 20, 2022)