Hope Street Capital

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Hope Street Capital portfolio

$38.5 million* – elevator 77.0%, office 11.0%; Brooklyn 88.0%, Bronx 11.0%

1123th largest portfolio by dollar value

300,050 sqft – elevator 80.0%, M1 14.0%;

902th largest by SF

9 properties – Brooklyn 88%, Bronx 11%

923th largest

422 residential units – Brooklyn 100.0%, Manhattan 0.0%

499th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Borrower company: 1 for $55 million

Top Ten Associated People:

Tim Doherty (1), David Kusy (1), Jonathan Pfeil (1), Geoffrey Raicht (1), Jaclyn Jesberger (1), Terri Magnani (1), Jason Hart (1)

Recent activity as company:

Hope Street Capital borrowed $55 million from Walker & Dunlop for 959 Sterling Place, 959 Sterling Place, 959 Sterling Place, 959 Sterling Place, and 959 Sterling Place, Crown Heights, Brooklyn on July 02, 2024.

Hope Street Capital borrowed $126.2 million from MF1 Capital for 545 Vanderbilt Avenue and 550 Clinton Avenue, Clinton Hill, Brooklyn on November 16, 2022.

Hope Street Capital sold 53 Hope Street, 67 Hope Street, and N/A Hope Street, Williamsburg, Brooklyn for $80 million to GAIA Real Estate Holdings on September 13, 2022.

Tower Holdings Group, Time Square Development and The Collective sold 1215 Fulton Street, Bedford-Stuyvesant, Brooklyn for $33.6 million to EJS Group and Hope Street Capital on March 16, 2022.

EJS Group and Hope Street Capital borrowed $20 million from ACRES Capital for 1215 Fulton Street, Bedford-Stuyvesant, Brooklyn on March 16, 2022.

Safehold Inc. sold 959 Sterling Place, Crown Heights, Brooklyn for $28 million to Hope Street Capital on February 24, 2022.

Hope Street Capital borrowed $55 million from Slate Property Group for 959 Sterling Place, Crown Heights, Brooklyn on February 24, 2022.

Hope Street Capital sold 22-22 Jackson Avenue, Hunters Point/Long Island City, Queens for $85 million to Carlyle Group on November 29, 2021.

Hope Street Capital borrowed $129.3 million from Square Mile Capital Management for 539 Vanderbilt Avenue, 809 Atlantic Avenue, Clinton Hill, Brooklyn on February 20, 2020.

Episcopal Diocese of Long Island sold 539 Vanderbilt Avenue, 520 Clinton Avenue, 809 Atlantic Avenue, Clinton Hill, Brooklyn for $8.9 million to Hope Street Capital on December 10, 2019.

Latest Stories:

• Carlyle Group signs $49.5M refi for 175-unit rental, down from $63.5M (December 18, 2024)

• Hope Street Capital signs $55M refi with Walker & Dunlop for 158-unit project in Crown Heights (July 03, 2024)

• EJS Group, Hope Street sign $83.15M construction loan with Bank OZK in Bedford Stuyvesant (December 14, 2023)

• Crosstown Companies signs $7M initial loan with HarborOne Bank in Clinton Hill (November 28, 2022)

• Hope Street Capital signs $126.2M refi with MF1 Capital for two properties in Clinton Hill (November 17, 2022)

• GAIA Real Estate pays $80M to Hope Street for three properties in Williamsburg (September 14, 2022)

• EJS Group, Hope Street pay $33.6M to Time Square, The Collective for dev site in Bed Stuy (March 17, 2022)

• Safehold pays $27.9M to Seventh-day Adventists for dev site in Crown Heights (February 07, 2022)

• Carlyle Group buys 175-unit LIC rental for $85M from Hope Street (November 30, 2021)

• Robert Gershon borrows $34M from Berkshire for property in Williamsburg (January 20, 2021)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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