Nicholas Nouvel

Senior Vice President

Cathay Bank

LinkedIn

Cathay Bank NYC portfolio

$11.9 million -office 73%, condo 26%; Manhattan 73%, Queens 26%*

4660th largest portfolio by dollar value

22,482 sqft – office 73%, condo 26%; Manhattan 73%, Queens 26%

4957th largest by SF

2 properties – Queens 75%, Manhattan 25%

4463th largest

200 foreclosures, 2 bankruptcies, 576 other court cases.

Person Activity past 24 months:

Lender signatory: 4 for $57.5 million

Top Ten Associated Companies:

Hudson Companies (1), BedRock Real Estate Partners (1), Regal Acquisitions (1), Regal Ventures (1), David Ariel (1), Elyahou Elyassoff (1), Joel Biner (1), Precision Builders USA (1), Bruce Ratner Family (1), Richard Kilstock (1)

Top Ten Associated People:

Tracey Appelbaum (1), Alexander Smith (1), David Ariel (1), Baruch Rubinstein (1), Aryeh Baraban (1), Richard Kilstock (1), Lina C. Fang (1)

Recent activity as signatory:

• David Ariel and Elyahou Elyassoff borrowed $11 million from Cathay Bank for None on May 28, 2026.

• Joel Biner and Precision Builders USA borrowed $15.3 million from Cathay Bank for 1646 University Avenue on May 28, 2026.

• Penn South Capital and Robert Rahmanian borrowed $6.8 million from Goldman Sachs for 110 South 2 Street on December 19, 2025.

• Bruce Ratner Family borrowed $10.1 million from Cathay Bank for 74 North 4 Street on May 01, 2025.

• Hudson Companies and BedRock Real Estate Partners borrowed $21 million from Cathay Bank for 36 Caton Place on November 25, 2024.

• Richard Kilstock borrowed $27 million from Cathay Bank for 53 Broadway and 53 Broadway, Williamsburg, Brooklyn on February 02, 2024.

• Lina C. Fang borrowed $10 million from Cathay Bank for 395 Flatbush Avenue on May 24, 2023.

• Regal Acquisitions and Regal Ventures borrowed $23 million from Cathay Bank for 301 West 53rd Street and 301 West 53rd Street, Hell’s Kitchen, Manhattan on September 23, 2022.

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