Raymond Qiao

Chief Lending Officer/Executive Vice President

Bank of China

Lender

410 Madison Ave New York, NY 10017

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Person Activity past 24 months:

Lender signatory: 7 for $622.1 million

Top Ten Associated People:

Alvaro Bolivar (2), Brendan Liang (1), Jiashu Xu (1), Yan Zou (1), Andrew S. Levine (1), Michael Pilevsky (1), Steven Borenstein (1), Scott Darling (1), John Giuffre (1), Zhidong Wu (1)

Recent activity as signatory:

Masterworks Development borrowed $75 million from Bank of China for 451 Lexington Avenue, Grand Central, Manhattan on June 09, 2026.

United Construction & Development Group borrowed $68 million from Ponce Bank for 131-01 39 Avenue on May 21, 2026.

ZD Jasper Realty borrowed $42 million from Bank of China for 43-13 52 Street on December 29, 2025.

Vornado Realty Trust borrowed $175 million from Bank of China for 61-01 Junction Boulevard, Rego Park, Queens on December 05, 2025.

John Giuffre borrowed $17.5 million from Bank of China for 830 63 Street on November 20, 2025.

Philips International borrowed $27.6 million from Bank of China for 200 West 72nd Street, 200 West 72nd Street, and 200 West 72nd Street, Upper West Side, Manhattan on July 24, 2025.

Masterworks Development borrowed $75 million from Bank of China for 19 Albany Street on February 14, 2025.

American Realty Advisors borrowed $210 million from Bank of China for 229 Chrystie Street and 95 East Houston Street, Lower East Side, Manhattan on October 30, 2024.

Clipper Equity borrowed $330 million from JPMorgan Chase for Box street park on May 10, 2024.

iCross Capital on January 26, 2023 bought a loan with an original principal of $23 million from Bank of China, signed by Raymond Qiao, secured by 42-51 24 Street, when owned by United Construction & Development Group.

Latest Stories:

• ZD Jasper signs $42M refi for new 87-unit rental in Sunnyside (January 16, 2026)

• Philips International signs $27.6M refi with Bank of China for three UWS retail condos (August 14, 2025)

• Masterworks signs $75M loan amendment with Bank of China for hotel in Financial District (February 20, 2025)

• American Realty Advisors signs $210M refi with Bank of China for LES rentals, down from $260M (November 11, 2024)

• ZD Jasper signs $35M refi with Chase for new 87-unit rental in Sunnyside (September 12, 2024)

• Clipper Equity signs $430M refi for 720-unit rental in Greenpoint (June 07, 2024)

• Masterworks Development signs $60M refi for hotel in Grand Central, up from $50M (May 13, 2024)

• Vornado sues Century 21, Gindi, over Rego Center mall lease (September 11, 2023)

• United Construction & Development files plans for 217-unit project in LIC (August 28, 2023)

• iCross buys $23M note secured by United Construction & Development Group LIC dev site (February 01, 2023)

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