Feng Jin Wang of Parsons Construction borrows $12M from Cathay Bank for new construction in Flushing

Feng Jin Wang of Parsons Construction through the entity Parsons Construction Queens LLC as borrower signed a construction loan agreement with lender Cathay Bank valued at $12 million for 2 parcels at 76-28 Parsons Boulevard in Flushing. The deal closed on February 3, 2020 and was recorded on February 12, 2020.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 23,820 square feet. Those plans include a total of 22 residential or hotel units.
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