Empire State Development
Empire State Development NYC portfolio
$33.2 million -specialty 100%; Manhattan 100%*
2739th largest portfolio by dollar value
1,378,125 sqft – specialty 100%; Manhattan 100%
362th largest by SF
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Lender company: 1 for $113 million
Top Ten Associated Companies:
Citibank (1), Greenland USA (1)
Top Ten Associated People:
Gang Hu (1)
Recent activity as company:
• Starwood Capital Group borrowed $113 million from Empire State Development and Sumitomo Mitsui Banking Corporation for 1 hotel brooklyn bridge on September 20, 2024.
• Omni New York borrowed $18.3 million from Merchants Bank of Indiana for 794 East 183 Street on February 24, 2022.
• Rockrose Development borrowed $210 million from MetLife for 47-04 5 Street on February 16, 2022.
• Empire State Development ground leased 23 4 Avenue valued at $19.1 million to Greenland USA on October 25, 2021.
• Empire State Development borrowed $25 million from Citibank for 441 AIR RGTS 8 Avenue on December 18, 2020.
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