MUFG Union Bank
Named as the sponsor's construction lender in 2 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.
MUFG Union Bank's 2 buildings in these plans are all in Manhattan, 50% rehab, 96 units at the middle, offered at an average $5.5M per unit. Check size: $175.7M typical (the median of 2 loans whose size the plan states or ACRIS records), from $162M to $189.4M.
- Buildings
- 2
- Residential units
- 192
- Typical check
- $175.7M
- Years
- 2015–2017
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Recent Growth
MUFG Union Bank's buildings and units by year for the last 6 years, and whether the pace is rising or falling.
No buildings accepted since 2021. 0% of all 2 dated buildings are from the last 3 years.
| Year accepted | Buildings | Units |
|---|---|---|
| 2026 to date | 0 | — |
| 2025 | 0 | — |
| 2024 | 0 | — |
| 2023 | 0 | — |
| 2022 | 0 | — |
| 2021 | 0 | — |
Latest: 108 Leonard Condominium, accepted Dec 6, 2017.
Strongest Relationships
The firms named most often on the same buildings as MUFG Union Bank, at least 2 in common.
Sponsor's counsel
- Kramer Levin Naftalis & Frankel, LLP2 shared buildings · 100% of MUFG Union Bank's · 2015–2017
From the same offering plans as the table below. A firm's own affiliates aren't counted.
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| Condominium | Accepted | Units | Loan |
|---|---|---|---|
| 108 Leonard Condominium108 Leonard Street (A/K/A 346 Broadway) · Manhattan · rehabNamed as Bank of America, N.A.; Wells Fargo Bank, National Association; Midfirst Bank; and MUFG Union Bank, N.A. · Sponsor: Civic Center Community Group Broadway LLC · Named on p. 23 ↗ | 2017 | 152 | $189.4M* |
| 520 West 28th Condominium520 West 28th Street · Manhattan · new constructionNamed as MUFG Union Bank, N.A., Bank of America, N.A. and Santander Bank, N.A. · Sponsor: 28th Highline Associates L.L.C. · Named on p. 17 ↗ | 2015 | 40 | $162M |
Loan is the construction financing the plan states: its stated total, or the building, project and other loans it lists added up (hover for the parts); a loan only for buying the land isn't counted. Where the plan states no amount, a figure marked * is the mortgage and building loan agreement recorded in ACRIS for the same lender on the building's lot, linked to the document. — means neither has one. The typical check is the median of these loans. A bank that changed its name is counted under its current name. Different spellings of one lender's name are counted together.