National Equity Fund

540 W. Madison Street ​Suite 1900 Chicago, IL 60661

10 South Riverside Plaza Suite 1700 Chicago, IL 60606

nationalequityfund.org

National Equity Fund NYC portfolio

Company Activity past 24 months:

Buyer company: 1 for $12.4 million

Seller company: 1 for $5.2 million

Lender company: 1 for $75 million

Top Ten Associated Companies:

St. Nicks Alliance (2), Lemor Development Group (1), Nu World Builders LLC (1), Phipps Houses (1), Impacct Housing Development Fund (1), West Harlem Group Assistance (1), WG & Associates Management And Development (1)

Recent activity as company:

• Concern for Independent Living sold 1328 Inwood Avenue for $12.4 million to National Equity Fund on December 18, 2025.

• National Equity Fund sold 210 Kosciuszko Street for $5.2 million to Impacct Housing Development Fund on September 30, 2024.

• Iris Holdings Group borrowed $75 million from National Equity Fund for 45-15 Colden Street on June 25, 2024.

• Iris Holdings Group borrowed $12.5 million from National Equity Fund for 189 Jefferson Avenue on May 31, 2023.

• National Equity Fund sold 468 East 159 Street for $12.1 million to Phipps Houses on December 20, 2022.

• National Equity Fund sold 172 East 105 Street for $12.2 million to WG & Associates Management And Development on April 07, 2022.

• National Equity Fund sold 420 Pulaski Street for $8.2 million to Nu World Builders LLC on December 28, 2021.

• National Equity Fund sold 2 Hancock Place for $8.1 million to West Harlem Group Assistance on February 25, 2021.

• National Equity Fund sold 77 Bartlett Street for $7.1 million to St. Nicks Alliance on December 30, 2020.

• National Equity Fund sold 18 Morgan Avenue for $5.3 million to St. Nicks Alliance on December 30, 2020.

Latest Stories:

• Marc Blumenfrucht’s Iris Holdings pays LeFrak $71.5M for 4 Flushing rentals it built in 1960s (July 05, 2024)

• Nonprofit Concern Housing files plans for 133-unit housing project (August 30, 2023)

• Concern for Independent Living pays $12.7M for industrial in Mt Eden (February 08, 2023)

• Iris Holdings signs $11.7M refi with KeyBank for five Bed-Stuy rentals (July 08, 2021)

• Workforce Housing Group, UHAB pay $14.5M to PRB Realty Corp. for property in Morrisania (September 03, 2020)

• Workforce Housing Group, UHAB borrow $16.2M from National Equity Fund for affordable purchase in Morrisania (September 03, 2020)

• Dragos Firescu doubled debt to $18.3M from Investors Bank for industrial in Highbridge (August 27, 2020)

• John Crotty’s Workforce Housing Group pays $11M to St. Albans Realty for property in Jamaica (November 15, 2019)

• Workforce Housing Group borrows $12M from National Equity Fund for multifamily property in Jamaica (November 15, 2019)

• Iris Holdings obtained financing of $11M from METROPOLITAN COMMERCIAL BANK (July 16, 2019)

Properties: