First-Citizens Bank & Trust Company

(First Citizens Bank, CIT Bank)

Lender

Bank

11 W 42nd St New York, NY 10036

People:

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First-Citizens Bank & Trust Company NYC portfolio

$74.3 million* – hotel 100%; Manhattan 100%

1497th largest portfolio by dollar value

143,731 sqft – hotel 100%;

1571th largest by SF

1 foreclosure, 0 bankruptcies, 0 other court cases.

Company Activity past 24 months:

Lender company: 8 for $271 million

Top Ten Associated People:

Granit Gjonbalaj (4), Drew Popkin (3), Timothy Quinlan (2), Al Laboz (1), David Bistricer (1), Douglas F. Ray (1), Walter P. Schmidt (1), Nicholas Silvers (1), Jamie R. Anthony (1), Matthew Dicker (1)

Recent activity as company:

United American Land borrowed $9 million from First Citizens Bank for 395 Jay Street, Downtown Brooklyn, Brooklyn on April 08, 2025.

Naftali Group borrowed $67.5 million from First Citizens Bank for 307 3rd Avenue, Kips Bay, Manhattan on February 05, 2025.

United American Land borrowed $20.8 million from First-Citizens Bank & Trust Company for 136 Lawrence Street, 140 Lawrence Street, 146 Lawrence Street, 144 Lawrence Street, 56 Willoughby Street, and others, Downtown Brooklyn, Brooklyn on November 21, 2024.

Alf Naman Real Estate borrowed $120 million from Marathon Asset Management for 738 Greenwich Street, West Village, Manhattan on December 03, 2024.

Alf Naman Real Estate borrowed $24.6 million from Marathon Asset Management for 738 Greenwich Street, West Village, Manhattan on December 03, 2024.

Highpoint Property Group borrowed $8 million from First-Citizens Bank & Trust Company for 243 East 7th Street, Alphabet City, Manhattan on December 03, 2024.

Highpoint Property Group borrowed $7.3 million from First-Citizens Bank & Trust Company for 231 West 20th Street, Chelsea, Manhattan on December 03, 2024.

Prospect Ridge borrowed $51 million from First-Citizens Bank & Trust Company for 232 West 29th Street, Chelsea, Manhattan on November 08, 2024.

ZD Jasper Realty borrowed $35 million from JPMorgan Chase for 43-15 52nd Street, Sunnyside, Queens on September 05, 2024.

Quinlan Development Group borrowed $56 million from QuadReal Property Group for 230 Classon Avenue, Clinton Hill, Brooklyn on June 21, 2024.

Latest Stories:

• United American Land signs $9M refi loan with First Citizens Bank for retail in Downtown Brooklyn (May 05, 2025)

• Naftali Group signs $67.5M construction loan for mixed-use in Kips Bay (February 26, 2025)

• SMA Equities signs $31.2M refi with Safra National Bank for five properties in Manhattan (January 27, 2025)

• Alf Naman signs $120M construction loan with Marathon for 7-unit West Village conversion (December 27, 2024)

• Alf Naman signs $24.6M refi for industrial in West Village (December 09, 2024)

• Naftali signs $140M construction loan for 62-unit condo project in Lenox Hill (November 29, 2024)

• Prospect Ridge pays $59.8M to KSL Capital, Hersha for hotel in Chelsea (November 18, 2024)

• ZD Jasper signs $35M refi with Chase for new 87-unit rental in Sunnyside (September 12, 2024)

• Triangle Equities ups debt to $85M for storage in South Ozone Park (July 26, 2024)

• Quinlan Development signs $56M refi for newly built 140-unit rental in Clinton Hill (July 03, 2024)

Court Records:

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Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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