Shanghai Commercial Bank

Lender

People:

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Company Activity past 24 months:

Lender company: 2 for $325 million

Recent activity as company:

• Hakimian Organization on April 13, 2026 bought a loan with an original principal of $34 million from Shanghai Commercial Bank, signed by Nim Chi Lau, secured by 343 West 35 Street, when owned by New World Art Center.

• Palette Hotels and LCRE Group borrowed $82.4 million from Wells Fargo for 37 Fletcher Street on December 15, 2025.

• F&T Group borrowed $20 million from Maxim Capital Group for 35-32 College Point Boulevard on October 28, 2025.

• Lam Group borrowed $296.5 million from Shanghai Commercial Bank for 1227 Broadway and 1227 Broadway, NoMad, Manhattan on October 15, 2025.

• 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.

• 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 29, 2025 bought a loan with an original principal of $130.6 million from Shanghai Commercial Bank, signed by Nim Chi Lau|Chiu Nam Wu, secured by 2420 Amsterdam Avenue, 2420 Amsterdam Avenue, 2420 Amsterdam Avenue, 2420 Amsterdam Avenue, 2420 Amsterdam Avenue, and others, Washington Heights, Manhattan, when owned by Youngwoo & Associates and Beijing Construction Engineering Group.

• Chun Yee Yung borrowed $17 million from Cathay Bank for 209 West 28 Street on June 26, 2025.

• Frank Ng borrowed $65 million from Cathay Bank for 134 West 28 Street on June 23, 2025.

• Frank Ng borrowed $5 million from Cathay Bank for 138 West 28 Street on June 23, 2025.