Steven Chen
(Chen Steven)
Senior Vice President
Team Manager
Cathay Bank
Cathay Bank NYC portfolio
$11.9 million -office 73%, condo 26%; Manhattan 73%, Queens 26%*
4502th largest portfolio by dollar value
22,482 sqft – office 73%, condo 26%; Manhattan 73%, Queens 26%
4831th largest by SF
2 properties – Queens 75%, Manhattan 25%
4293th largest
9 foreclosures, 2 bankruptcies, 3 other court cases.
Person Activity past 24 months:
Lender signatory: 6 for $103.2 million
Developer (new building or major alteration): 6 for 9,974 square feet
Top Ten Associated Companies:
Guan Yu Li (1), Zhi Li Pan (1), Hiwin Group USA (1), Fei Guo (1), Neng Wang (1), Century Development Group (1), Chun Hsiung J. Huang (1), Liu Yun Chen (1), Clement Saad (1), Solly Araman (1)
Top Ten Associated People:
Guan Yu Li (1), Zhi Li Pan (1), Heli Song (1), Fei Guo (1), Neng Wang (1), George Jiapeng Xu (1), Chunhsiung J. Huang (1), Liu Yun Chen (1), Clement Saad (1), Solly Araman (1)
Recent activity as signatory:
• Hiwin Group USA borrowed $40 million from Cathay Bank for 35 West 14 Street on April 27, 2026.
• Steven Chen filed plans for major alteration for 299 sqft in College Point, Queens, on March 29, 2026.
• Leopold Kaff borrowed $22.4 million from JPMorgan Chase for 85 Onderdonk Avenue on December 15, 2025.
• Guan Yu Li borrowed $19.4 million from Cathay Bank for 1222 63rd Street, Dyker Heights, Brooklyn on November 19, 2025.
• Clement Saad and Solly Araman borrowed $14 million from Cathay Bank for 581 Argyle Road on October 22, 2025.
• Liu Yun Chen borrowed $5.3 million from Cathay Bank for 56-12 58 Street on October 20, 2025.
• Century Development Group borrowed $15 million from Cathay Bank for 38-19 13 Street on September 19, 2025.
• Chun Hsiung J. Huang borrowed $9.5 million from Cathay Bank for 440 West 36 Street on July 08, 2025.
• United Construction & Development Group and Ki Tai Yeung borrowed $22.5 million from New Era Life Insurance for 6223 6 Avenue on June 18, 2025.
• Xiao Ke Tang borrowed $18.2 million from Popular Bank for 43-25 52 Street on December 20, 2023.
Latest Stories:
• Leopold Kaff pays $28M to Jian Yang Zhang for industrial in Ridgewood (December 24, 2025)
• United Construction signs $22.5M refi with New Era for dev site in Sunset Park (July 25, 2025)
• Hiwin Group files plans for 49 units in Flatiron District, site cost $22.5M (August 26, 2024)
• Heli Song pays $8M to Elysee Investment for 1-story retail in Flatiron District (July 10, 2024)
• Xiao Ke Tang signs $18.2M construction loan for 27-unit dev site in Sunnyside (January 15, 2024)
• Xiao Ke Tang pays $3.2M for Sunnyside dev site with plans for 27 units (May 19, 2022)
• Zhi Li Pan pays $7.4M for residential walkup in Chinatown (May 11, 2022)