Preferred Bank

Lender

People:

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Company Activity past 24 months:

Lender company: 32 for $455.2 million

Recent activity as company:

McSam Hotel Group borrowed $29 million from Preferred Bank for 226 West 47 Street on July 23, 2026.

Prabhjit Singh borrowed $6.8 million from Preferred Bank for None on June 16, 2026.

Turret Equities on May 11, 2026 bought a loan with an original principal of $19.9 million from Preferred Bank, signed by Sylvia Tseng, secured by 227 East 67 Street, when owned by Deba Shyam.

Dalan Real Estate borrowed $5 million from RWC Lending for 18 Christopher Street on May 06, 2026.

Amy Kit-Ming Mak borrowed $27.5 million from Preferred Bank for 134-31 Northern Boulevard on April 22, 2026.

United Construction & Development Group and New Land Capital borrowed $18.5 million from Preferred Bank for None on April 21, 2026.

United Construction & Development Group borrowed $17.9 million from Preferred Bank for 140-28 31 Drive on April 21, 2026.

Victor Peng borrowed $6.3 million from Preferred Bank for 133-27 35 Avenue on April 17, 2026.

Xiang Yu Cao borrowed $9.7 million from Preferred Bank for 133-38 Sanford Avenue, Flushing, Queens on March 27, 2026.

Xiang Yu Cao borrowed $9.7 million from Preferred Bank for None on March 27, 2026.

Latest Stories:

• Turret Equities buys $19.9M note secured by 2 five-unit buildings in Lenox Hill (July 20, 2026)

• Prabhjit Singh pays $10.3M for warehouse in Wakefield (June 30, 2026)

• Dalan Real Estate pays $7.3M to Nazarian Property Group for mixed-use in Greenwich Village (May 21, 2026)

• United Construction, New Land Capital sign $18.5M construction loan for 48-unit project in Flushing (May 08, 2026)

• United Construction &; Development signs $17.9M construction loan for 47-unit project in Flushing (May 08, 2026)

• Amy Kit-Ming Mak signs $27.5M construction loan with Preferred for funeral home in Flushing (April 29, 2026)

• Preferred Bank files $19.95M pre-foreclosure in Lenox Hill naming CA firm raided last fall by FBI (March 06, 2026)

• Slope Asset signs $4.4M refi with ConnectOne for two mixed-use properties in South Slope (February 26, 2026)

• Ravinder Chopra, Yuvraj Chopra pay $14.5M for two hotels in Flushing (February 11, 2026)

• Aflalo LLC pays $31.8M to Makkos Equities for two mixed-use properties in SoHo (February 09, 2026)

Court Records:

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