IGIS Asset Management

igisam.com/en

People:

Company Activity past 24 months:

Lender company: 3 for $545 million

Recent activity as company:

• Extell Development borrowed $417 million from JPMorgan Chase for 578 5 Avenue on March 20, 2026.

• IGIS Asset Management on April 16, 2025 bought a loan with an original principal of $270 million from Series 2018-285M, signed by Tom J. Floyd, secured by 29 East 40 Street, when owned by RFR Holding.

• Daol Asset Management borrowed $205 million from IGIS Asset Management for 29 East 40 Street on April 16, 2025.

• Extell Development borrowed $340 million from IGIS Asset Management for 14 West 47 Street on June 28, 2024.

• IGIS Asset Management on July 10, 2023 bought a loan with an original principal of $185 million from JPMorgan Chase, signed by Jennifer R. Lewin, secured by 14 West 47 Street, when owned by Extell Development.

Latest Stories:

• Extell Development signs $417M refi with Chase for dev site in Midtown West (March 27, 2026)

• Daol Asset acquires RFR’s 285 Madison valued at $350M in Grand Central (April 29, 2025)

• Extell pays $175M to Korean firm to expand dev site in Midtown West (April 07, 2025)

• Extell pays $24.8M to Hematian, Bassalali in Midtown West, part of dev site (February 19, 2025)

• $270M pre-foreclosure filed at RFR’s 285 Madison, 9th for owner in 15 months (January 02, 2025)

• Bassalali family files to demo Midtown West building in footprint of Extell’s Fifth Ave tower (September 20, 2024)

• Extell files plans for 637K sf retail, office, tower on Fifth Avenue (September 09, 2024)

• Extell signs $340M refi with IGIS for Midtown West supertall dev site (July 12, 2024)

• Korean firm that gave $205M in mezz loans to RFR says borrower’s principals owe $1.5M (May 07, 2024)

• South Korea’s IGIS is new lender for Extell supertall site in Midtown West (August 01, 2023)