For this installment of the LandlordsNY Vendor Spotlight, we are getting to know Tang Fan of Chase Multifamily Lending. Tang is a commercial lender at Chase. He’s also a landlord!
If you have any questions for Tang regarding financing for multifamily properties, you can reach him directly by phone at (212) 277-8190, email: firstname.lastname@example.org, or via the .
1. How long have you been in the business and how did you get started?
I’ve been in the real estate business for a long time. My family owns a small portfolio and I have always helped in the management of their properties. It was a natural for me to then get into commercial lending later on when I began working in investment banking doing commercial mortgage backed securities and lending on investment properties nationwide. From there, I moved into a regional lender that did structured real estate finance and ultimately found my way into portfolio lending with Chase where I’ve been for almost 14 years now.
2. What advice would you give to yourself if you were at the beginning?
The first three things that come to mind are as follows: There are no substitute for hard work. Keep your word and be honest—integrity is everything in this business. If you are going to do something, learn it well and be an expert in it.
3. What do you find most hopeful in NY's real estate industry? What do you find most concerning?
NYC is a diverse community where everyone wants to live. This creates a lot of opportunity for everyone in the multifamily industry in New York City.
4. If you were to do anything else, what would it be?
My 10-year-old self would say a rock star, 16-year-old self would say a professional soccer player, my 21-year-old self would say a scotch sommelier, but today, I’m doing what I want to do. I truly enjoy the real estate business.
5. How do you think the business will be different in 10 years?
Real estate is one of the oldest professions. The details may change a bit, but the fundamentals will always remain the same.
6. What's your favorite quote? Favorite movie and/or book and why?
My favorite quote is from Darwin, “It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.” Favorite Book is probably Catch 22—I like humor in my reading and found it both insightful, disturbing, hopeful and fun despite needing a dictionary and a whole new vocabulary to get through it.
7. What would you do if you won the Mega Millions jackpot?
I’d continue doing what I do now, but I would probably be taking my calls from a warmer climate.
8. What was your first job?
My first job was a jack of all trades for my family’s real estate business and restaurant businesses. I would do everything from landscaping, changing light bulbs to cashier and waiting tables. I learned a lot of basic life skills and humility for many different reasons.