Owemanco Mortgage Holding Corporation

(Ontario Wealth Management Corporation)

1910 Yonge St Suite 402 Davisville Centre, Toronto, ON M4S 3B2, Canada

People:

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Owemanco Mortgage Holding Corporation NYC portfolio

$21.5 million* – walkup 52.0%, mixed-use 47.0%; Manhattan 100.0%, Bronx 0.0%

2905th largest portfolio by dollar value

30,455 sqft – walkup 62%, mixed-use 37%;

3596th largest by SF

3 properties – Manhattan 100%, Bronx 0%

2523th largest

32 residential units – Manhattan 100%, Bronx 0%

2661th largest by residential units

Company Activity past 24 months:

Buyer company: 3 for $19 million

Borrower company: 1 for $5.7 million

Lender company: 3 for $25 million

Top Ten Associated Companies:

Grundwerg Family LP (2), Ramzey Ahmad (2), Northeast Bank (1), Nasser M. Ahmad (1), Zaha T. Ahmad (1), Chen Lieh Tang (1), Isaac Dahan (1), Adam Tobe (1), Saul P. Grosman (1), David S. Chait (1)

Top Ten Associated People:

Steven P. Grundwerg (2), Ramzey Ahmad (2), Nasser M. Ahmad (1), Chen Lieh Tang (1), Isaac Dahan (1), Saul P. Grosman (1), David S. Chait (1)

Recent activity as company:

Owemanco Mortgage Holding Corporation borrowed $5.7 million from Northeast Bank for 57 West 8th Street and 51 West 8th Street, Greenwich Village, Manhattan on March 20, 2025.

Grundwerg Family LP sold 57 West 8th Street, Greenwich Village, Manhattan for $5.1 million to Owemanco Mortgage Holding Corporation on March 20, 2025.

Grundwerg Family LP sold 51 West 8th Street, Greenwich Village, Manhattan for $3.7 million to Owemanco Mortgage Holding Corporation on March 20, 2025.

• Chen Lieh Tang sold 42 East Broadway, Chinatown, Manhattan for $10.2 million to Owemanco Mortgage Holding Corporation on December 04, 2024.

Isaac Dahan borrowed $5 million from Owemanco Mortgage Holding Corporation for 35 Broadway, 230 Manhattan Avenue, 81 Steuben Street, and 79 Steuben Street, Williamsburg, Brooklyn on September 05, 2024.

Ramzey Ahmad, Nasser M. Ahmad and Zaha T. Ahmad borrowed $8 million from Owemanco Mortgage Holding Corporation for 3008-3014 Fulton Street and 245 Linwood Street, Cypress Hills, Brooklyn on February 29, 2024.

Saul P. Grosman borrowed $12 million from Owemanco Mortgage Holding Corporation for 2150 Mill Avenue and 2150 Mill Avenue, Mill Basin, Brooklyn on August 15, 2023.

Ramzey Ahmad borrowed $7.7 million from Owemanco Mortgage Holding Corporation for 794 Rockaway Avenue, 147 Columbia Street, 152 Essex Street, and 6809 5th Avenue, Brownsville, Brooklyn on May 03, 2022.

David S. Chait borrowed $6.7 million from Owemanco Mortgage Holding Corporation for 61-02 De Costa Avenue, 62-03 De Costa Avenue, N/A Hillmeyer Road, N/A Hillmeyer Road, N/A Hillmeyer Road, and others, Arverne, Queens on July 12, 2021.

Adam Tobe borrowed $5.5 million from Owemanco Mortgage Holding Corporation for 664 Bergen Street, 670 Bergen Street, Prospect Heights, Brooklyn on February 18, 2020.

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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