Apple Bank for Savings

Lender

Apple Bank for Savings NYC portfolio

$3.1 million -mixed-use 73%, retail 26%; Manhattan 99%*

6684th largest portfolio by dollar value

20,416 sqft – retail 76%, mixed-use 23%; Manhattan 100%

4931th largest by SF

2 properties – Manhattan 100%

4981th largest

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Lender company: 5 for $30.5 million

Top Ten Associated Companies:

Harold Dweck (1), Morris Dweck (1)

Top Ten Associated People:

Morris Dweck (1)

Recent activity as company:

Park-It Management borrowed $8 million from Apple Bank for Savings for 125 East 28 Street on May 30, 2024.

Christopher Skrelja borrowed $5 million from Apple Bank for Savings for 217 Cabrini Boulevard on March 26, 2024.

Heller Properties borrowed $5.5 million from Apple Bank for Savings for 18 John Street on March 01, 2024.

Argo Real Estate borrowed $6 million from Apple Bank for Savings for 137-27 83 Avenue on February 20, 2024.

Argo Real Estate borrowed $6 million from Apple Bank for Savings for 82-68 135 Street on February 20, 2024.

Edison Properties on January 31, 2024 bought a loan with an original principal of $5 million from Apple Bank for Savings, signed by Cynthia Wang, secured by 259 West 47 Street, when owned by Edison Properties.

Bromley Companies borrowed $15.5 million from Apple Bank for Savings for 120 5 Avenue on January 24, 2024.

Wasserstein Enterprises borrowed $19.9 million from Apple Bank for Savings for 133 West 18 Street on December 07, 2023.

Brodsky Organization, GFP Real Estate and Sorgente Group borrowed $30 million from Apple Bank for Savings for 185 5 Avenue on November 20, 2023.

Paul Wasserman borrowed $6.5 million from Apple Bank for Savings for 360 7 Avenue on November 02, 2023.

Latest Stories:

• Metro Loft, Quantum Pacific file plans for 337-unit office-to-resi conversion in Midtown East (August 04, 2025)

• Flushing Bank sells 3 notes in foreclosure totaling $10.455M secured by NYC multifamily (June 11, 2025)

• $50M loan with JPMorgan Chase signed for 13 AYA-affiliated properties in Manhattan (May 13, 2025)

• Cerco Funding acquires $8.6M Midtown East office ground lease after AEW, ABS default (March 07, 2025)

• Bowery Residents Committee pays $4.7M to Apple Bank in Pelham Parkway (February 25, 2025)

• Metro Loft Management pays $88M office building in Midtown East (January 16, 2025)

• Brodsky, GFP, Sorgente sign $200M construction loan with Tyko for Flatiron conversion (November 04, 2024)

• Brodsky, GFP, Sorgente plan 39 condo units in Flatiron Building (September 06, 2024)

• Argent Ventures sells minority stake in Crowne Plaza hotel building in Times Square for $53.3M (August 16, 2024)

• Chelsfield signs $50M refi with Maxim Capital for office in SoHo (July 29, 2024)

Court Records:

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Properties:

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