JG Funding

Lender

531 Wild Ave 2nd Floor Staten Island, NY 10314

People:

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JG Funding NYC portfolio

$16.6 million -elevator 100%; Brooklyn 100%*

3834th largest portfolio by dollar value

21,666 sqft – elevator 100%; Brooklyn 100%

4820th largest by SF

25 residential units – Brooklyn 100%

3453th largest by residential units

12 foreclosures, 7 bankruptcies, 0 other court cases.

Company Activity past 24 months:

Buyer company: 2 for $0

Lender company: 3 for $27.7 million

Recent activity as company:

• Mayer Berkovits borrowed $7.2 million from JG Funding for 327 Broome Street on April 24, 2026.

• Joel Schwartz sold 1439 Dekalb Avenue for $0 to JG Funding on March 18, 2026.

• Joel Schwartz borrowed $72 million from BridgeCity Capital for 236 Gold Street on December 18, 2025.

• Joel Schwartz borrowed $7.5 million from JG Funding for 182 South 9 Street on December 10, 2025.

• Joel Schwartz borrowed $7.1 million from Grasshopper Bank for 31 Spencer Street, Bedford Stuyvesant, Brooklyn on August 13, 2025.

• Joel Schwartz borrowed $15.3 million from BridgeCity Capital for 333 Bedford Avenue on April 04, 2025.

• Joel Schwartz borrowed $13 million from JG Funding for 236 Gold Street on March 18, 2025.

• Double U Realty borrowed $12 million from Midtown Equities for 141 Kent Avenue on December 19, 2024.

• Double U Realty borrowed $5 million from Midtown Equities for 141 Kent Avenue on December 19, 2024.

• Franciszka Cielepak borrowed $6.3 million from Terra Solid Capital for 419 Manhattan Avenue on July 02, 2024.

Latest Stories:

• JG Funding signs contract to buy 25-unit Bushwick rental from Joel Schwartz (March 24, 2026)

• Joel Schwartz signs $72M construction loan with BridgeCity for dev site in Downtown Brooklyn (December 23, 2025)

• Joel Schwartz signs $15.3M loan with BridgeCity in Williamsburg (April 10, 2025)

• Joel Schwartz pays $2.2M for vacant lot in Williamsburg (January 29, 2025)

• All Data Health pays $13M to Joel Schwartz for office condo in Bedford Stuyvesant (March 25, 2024)

• Joel Schwartz signs $12.5M refi with JG Funding for commercial in Bedford Stuyvesant (January 24, 2024)

• Simon Ausch pays $3.4M to Joel Schwartz for Bedford Stuyvesant commercial condo (January 24, 2024)

• Joel Schwartz pays $3.5M for 8-unit dev site in Williamsburg (November 09, 2023)

• SoftStone Development signs $5.5M refi for development in Borough Park (June 15, 2023)

• Joel Schwartz signs $26M construction loan with S3 Capital for 48-unit project in Williamsburg (June 09, 2023)

Court Records:

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Properties:

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