Preferred Bank

Named as the sponsor's construction lender in 13 New York City condominium offering plans, in the plan's text, where the sponsor says it has obtained its construction loan or financing, or, where the plan doesn't name one, as the lender on the mortgage and building loan agreement recorded in ACRIS on the building's lot before the plan was accepted. Each building below links the plan page or the recorded document. Where an amendment names a new lender, that lender is counted.

Preferred Bank's 13 buildings in these plans are mostly in Brooklyn (8 of 13), then Queens, all new construction, typically 10–57 units, offered at an average $1.7M per unit. Check size: $11M typical (the median of 11 loans whose size the plan states or ACRIS records), from $4.4M to $64.2M.

Buildings

13

Residential units

521

Typical check

$11M

Years

2018–2026