Pun & Associates

Pun & Associates Residential and Commercial Real Estate Law Firm.

LOAN Learn More: https://lnkd.in/dmg6epSsIMAGE: Yanni Kouzilos, Douglas Romero, George Xu, Jane Chen, Esq. & Wilson PunD...
10/13/2025

LOAN Learn More: https://lnkd.in/dmg6epSs
IMAGE: Yanni Kouzilos, Douglas Romero, George Xu, Jane Chen, Esq. & Wilson Pun
DATE: 10/6/2025
ADDRESS: 35-36 Leavitt Street
MARKET: Flushing
ASSET TYPE: Hotel ~ SF: 196,434 ~ KEYS: 246

LENDER: Yanni Kouzilos & Douglas Romero - Ponce Bank
LANDLORD: George Xu - Century Development Group
LENDER’S ATTORNEY: Jane Chen - The Usinger Law Practice PLLC
LANDLORD‘S ATTORNEY: Wilson Pun - Pun & Associates

LOAN AMOUNT: $50,000,000
LOAN TYPE: Refinance
LOAN TERMS: 3 years

NOTE FROM LENDER: Ponce Bank, A CDFI Bank and one of the most active construction lender in NYC, provided bridge financing for the first and only 5 stars hotel in Queens, Downtown Flushing. Ponce Bank continue its mission to bring active lending solution and support to the local community.

07/18/2025

Over 62 and thinking about a reverse mortgage?

Good news: You don’t need to be a U.S. citizen to qualify. Green Card holders are eligible too — even in strict states like New York.

But be careful: reverse mortgages come with high fees, rising interest, and early repayment risks if you move out.

Bottom line? If you’ve got the income, credit, and paperwork — you can buy or borrow just like a citizen.

Watch this before you make any big moves.

🏢 About Us:
Pun & Associates is a full-service real estate law firm specializing in residential and commercial transactions across New York and New Jersey. Our personalized services cater to clients of all backgrounds, ensuring their interests are protected every step of the way.

🔑 Key Services:

Residential & Commercial Real Estate Transactions
Legal Guidance for First-Time Buyers & Seasoned Investors
Personalized Advice & Support
🌟 Why Choose Us:
At Pun & Associates, we see property sales as a milestone, not a roadblock. Our professionalism and client-centric approach empower your real estate endeavors. Stress less, dream more – that's our promise to you.

👉 Get in Touch:
Ready to elevate your real estate experience? Contact us today for expert legal support!

07/16/2025

“Green Card holders can’t buy in good neighborhoods?” Not true — and actually, it’s illegal to say that.

In the U.S., fair housing laws protect everyone, regardless of immigration status.

Yes, some co-ops or HOAs may ask for more financial paperwork — but they do that to everyone, not just Green Card holders.

And by the way… buying a home involves a mountain of paperwork whether you’re a citizen or not.

Watch this to get the facts, not the rumors.

🏢 About Us:
Pun & Associates is a full-service real estate law firm specializing in residential and commercial transactions across New York and New Jersey. Our personalized services cater to clients of all backgrounds, ensuring their interests are protected every step of the way.

🔑 Key Services:

Residential & Commercial Real Estate Transactions
Legal Guidance for First-Time Buyers & Seasoned Investors
Personalized Advice & Support
🌟 Why Choose Us:
At Pun & Associates, we see property sales as a milestone, not a roadblock. Our professionalism and client-centric approach empower your real estate endeavors. Stress less, dream more – that's our promise to you.

👉 Get in Touch:
Ready to elevate your real estate experience? Contact us today for expert legal support!

07/14/2025

Green Card holders can’t buy homes like U.S. citizens? That’s a myth — and here’s the truth.

✅ Same mortgage options
✅ Same tax benefits
✅ Same protections under fair housing laws

If your credit’s solid and the home is for personal use, there’s no difference in how you’re treated.

Don’t let bad info stop you from buying your dream home. Watch this to clear it all up.

🏢 About Us:
Pun & Associates is a full-service real estate law firm specializing in residential and commercial transactions across New York and New Jersey. Our personalized services cater to clients of all backgrounds, ensuring their interests are protected every step of the way.

🔑 Key Services:

Residential & Commercial Real Estate Transactions
Legal Guidance for First-Time Buyers & Seasoned Investors
Personalized Advice & Support
🌟 Why Choose Us:
At Pun & Associates, we see property sales as a milestone, not a roadblock. Our professionalism and client-centric approach empower your real estate endeavors. Stress less, dream more – that's our promise to you.

👉 Get in Touch:
Ready to elevate your real estate experience? Contact us today for expert legal support!

07/11/2025

Getting help from your parents for a down payment? Great — if you do it the right way.

Here are 3 steps to avoid delays or rejection:
1. Draft a proper gift letter (no repayment, no confusion)
2. Transfer the funds early — at least 2 months before closing
3. If it’s a loan, put it in writing with clear terms and tell the bank upfront

Tiny mistakes can cost you your mortgage — or your dream home. Watch this to get it right.

🏢 About Us:
Pun & Associates is a full-service real estate law firm specializing in residential and commercial transactions across New York and New Jersey. Our personalized services cater to clients of all backgrounds, ensuring their interests are protected every step of the way.

🔑 Key Services:

Residential & Commercial Real Estate Transactions
Legal Guidance for First-Time Buyers & Seasoned Investors
Personalized Advice & Support
🌟 Why Choose Us:
At Pun & Associates, we see property sales as a milestone, not a roadblock. Our professionalism and client-centric approach empower your real estate endeavors. Stress less, dream more – that's our promise to you.

👉 Get in Touch:
Ready to elevate your real estate experience? Contact us today for expert legal support!

07/09/2025

Parents helping with your down payment? Sounds great — but it could backfire fast.

In the U.S., sudden large transfers (especially from overseas) can delay or kill your mortgage approval.

Even worse? Many forget that big gifts from parents must be reported to the IRS.

Before you accept that “gift,” watch this to avoid costly surprises.🏢 About Us:
Pun & Associates is a full-service real estate law firm specializing in residential and commercial transactions across New York and New Jersey. Our personalized services cater to clients of all backgrounds, ensuring their interests are protected every step of the way.

🔑 Key Services:

Residential & Commercial Real Estate Transactions
Legal Guidance for First-Time Buyers & Seasoned Investors
Personalized Advice & Support
🌟 Why Choose Us:
At Pun & Associates, we see property sales as a milestone, not a roadblock. Our professionalism and client-centric approach empower your real estate endeavors. Stress less, dream more – that's our promise to you.

👉 Get in Touch:
Ready to elevate your real estate experience? Contact us today for expert legal support!

07/07/2025

One Legal Line That Can Save You Thousands

Buying new construction in New York?

Here’s the key: Don’t sign anything until your lawyer reviews the contract.

It should clearly say you’ll get your down payment back if the closing doesn’t happen by a set deadline — even with force majeure delays.

Because when a project goes off-track, your contract is the only thing standing between you and a huge loss.

Watch this to learn what must be in your agreement.

🏢 About Us:
Pun & Associates is a full-service real estate law firm specializing in residential and commercial transactions across New York and New Jersey. Our personalized services cater to clients of all backgrounds, ensuring their interests are protected every step of the way.

🔑 Key Services:

Residential & Commercial Real Estate Transactions
Legal Guidance for First-Time Buyers & Seasoned Investors
Personalized Advice & Support
🌟 Why Choose Us:
At Pun & Associates, we see property sales as a milestone, not a roadblock. Our professionalism and client-centric approach empower your real estate endeavors. Stress less, dream more – that's our promise to you.

👉 Get in Touch:
Ready to elevate your real estate experience? Contact us today for expert legal support!

07/04/2025

Delays, Force Majeure & Refunds: What NYC Buyers Must Know
Think your down payment is safe if the developer delays?

Only if your contract is airtight.

To get a refund, the contract must spell out clear deadlines — and even force majeure (like COVID) must have a time limit.

Miss these details, and you could be stuck waiting forever with no refund.

Watch this to avoid the traps.

🏢 About Us:
Pun & Associates is a full-service real estate law firm specializing in residential and commercial transactions across New York and New Jersey. Our personalized services cater to clients of all backgrounds, ensuring their interests are protected every step of the way.

🔑 Key Services:

Residential & Commercial Real Estate Transactions
Legal Guidance for First-Time Buyers & Seasoned Investors
Personalized Advice & Support
🌟 Why Choose Us:
At Pun & Associates, we see property sales as a milestone, not a roadblock. Our professionalism and client-centric approach empower your real estate endeavors. Stress less, dream more – that's our promise to you.

👉 Get in Touch:
Ready to elevate your real estate experience? Contact us today for expert legal support!

07/02/2025

When a Luxury Condo Fails — What Happens to Your Money?
Imagine dropping hundreds of thousands on a luxury condo…
and then watching the project stall for years.

That’s exactly what happened to buyers at One Seaport.

But here’s the twist — they got their money back.

Why? Because in New York, your down payment doesn’t go to the developer. It’s protected in an escrow account managed by a lawyer.

Watch this video to learn how it works — and why it could save you from a financial nightmare.

🏢 About Us:
Pun & Associates is a full-service real estate law firm specializing in residential and commercial transactions across New York and New Jersey. Our personalized services cater to clients of all backgrounds, ensuring their interests are protected every step of the way.

🔑 Key Services:

Residential & Commercial Real Estate Transactions
Legal Guidance for First-Time Buyers & Seasoned Investors
Personalized Advice & Support
🌟 Why Choose Us:
At Pun & Associates, we see property sales as a milestone, not a roadblock. Our professionalism and client-centric approach empower your real estate endeavors. Stress less, dream more – that's our promise to you.

👉 Get in Touch:
Ready to elevate your real estate experience? Contact us today for expert legal support!

06/30/2025

Luxury condo… million-dollar views… and a tilted building?

Yes, that actually happened in NYC.

One Seaport was marketed as a dream home — until the foundation failed and construction stopped.

Think it can’t happen to you? Think again.

In this video, I’ll show you how to avoid sinking your down payment into a project that may never finish.

🏢 About Us:
Pun & Associates is a full-service real estate law firm specializing in residential and commercial transactions across New York and New Jersey. Our personalized services cater to clients of all backgrounds, ensuring their interests are protected every step of the way.

🔑 Key Services:

Residential & Commercial Real Estate Transactions
Legal Guidance for First-Time Buyers & Seasoned Investors
Personalized Advice & Support
🌟 Why Choose Us:
At Pun & Associates, we see property sales as a milestone, not a roadblock. Our professionalism and client-centric approach empower your real estate endeavors. Stress less, dream more – that's our promise to you.

👉 Get in Touch:
Ready to elevate your real estate experience? Contact us today for expert legal support!

06/27/2025

Own multiple properties or thinking about investing?

Using an LLC might be your smartest move — and here’s why:
It shields your personal assets if someone sues.
It keeps your name off public records.
It gives you more flexibility when you sell or upgrade.

But it’s not free — expect yearly costs and higher loan rates.
Before you make the call, watch this video and hear what most investors wish they knew sooner.

🏢 About Us:
Pun & Associates is a full-service real estate law firm specializing in residential and commercial transactions across New York and New Jersey. Our personalized services cater to clients of all backgrounds, ensuring their interests are protected every step of the way.

🔑 Key Services:

Residential & Commercial Real Estate Transactions
Legal Guidance for First-Time Buyers & Seasoned Investors
Personalized Advice & Support
🌟 Why Choose Us:
At Pun & Associates, we see property sales as a milestone, not a roadblock. Our professionalism and client-centric approach empower your real estate endeavors. Stress less, dream more – that's our promise to you.

👉 Get in Touch:
Ready to elevate your real estate experience? Contact us today for expert legal support!

06/25/2025

Buy a home under your own name… or set up an LLC?
One choice saves you thousands in taxes.
The other protects your privacy (and your bank account if things go wrong).

Most buyers don’t realize how big the difference is — until it’s too late.

In this video, I break down the pros, cons, and real-life examples so you don’t make a decision you’ll regret.

🏢 About Us:
Pun & Associates is a full-service real estate law firm specializing in residential and commercial transactions across New York and New Jersey. Our personalized services cater to clients of all backgrounds, ensuring their interests are protected every step of the way.

🔑 Key Services:

Residential & Commercial Real Estate Transactions
Legal Guidance for First-Time Buyers & Seasoned Investors
Personalized Advice & Support
🌟 Why Choose Us:
At Pun & Associates, we see property sales as a milestone, not a roadblock. Our professionalism and client-centric approach empower your real estate endeavors. Stress less, dream more – that's our promise to you.

👉 Get in Touch:
Ready to elevate your real estate experience? Contact us today for expert legal support!

Address

36-36 Main Street, 5th Floor
Queens, NY
11354

Telephone

+17186610010

Website

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