Prime Finance

155 North Wacker Drive Suite 3600 Chicago, IL 60606

1330 Avenue of the Americas Suite 2500 New York, NY 10019

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Prime Finance NYC portfolio

$10.5 million* – walkup 100%; Bronx 100%, Manhattan 0%

3969th largest portfolio by dollar value

27,168 sqft – walkup 100%;

3751th largest by SF

3 properties – Bronx 100%, Manhattan 0%

2714th largest

27 residential units – Bronx 100%, Manhattan 0%

2864th largest by residential units

1 foreclosure, 0 bankruptcies, 0 other court cases.

Company Activity past 24 months:

Lender company: 8 for $207.8 million

Top Ten Associated Companies:

Peak Capital Advisors (2), Sheindy Grunhut (1), Sachs Companies (1), Highpoint Property Group (1), Wharton Properties (1), PH Realty Capital (1), Rockledge (1), Alma Realty (1), Galil Management (1), Holliswood Development (1)

Top Ten Associated People:

Alex Rabin (2), Mark L. McKew (1), Curtis Sachs (1), Drew Popkin (1), Joseph Sutton (1), Peter Hungerford (1), Scott Katz (1), Dana Lowey Luttway (1), Morris Missry (1), Richard Ohebshalom (1)

Recent activity as company:

Fortuna Realty Group borrowed $51.2 million from Citibank for 27 West 38th Street and 25 West 38th Street, Grand Central, Manhattan on February 26, 2025.

• Katan Realty Group, Kohan Retail Investment Group and Ilya Mikhailov borrowed $73 million from Benefit Street Partners for 341 7th Avenue, 287 7th Avenue, 343 7th Avenue, and 167 West 29th Street, Chelsea, Manhattan on January 16, 2025.

CB Developers and SK Development borrowed $76 million from JPMorgan Chase and Citibank for 247 Metropolitan Avenue, 247 Metropolitan Avenue, 247 Metropolitan Avenue, and 247 Metropolitan Avenue, Williamsburg, Brooklyn on January 16, 2025.

Centurion Realty borrowed $15 million from JPMorgan Chase for 1114 Madison Avenue, 1114 Madison Avenue, 1114 Madison Avenue, 1114 Madison Avenue, 1114 Madison Avenue, and others, Carnegie Hill, Manhattan on December 19, 2024.

Fortress Investment Group borrowed $0 from Prime Finance for 231 East 76th Street, Lenox Hill, Manhattan on November 22, 2024.

Thor Equities borrowed $58 million from Prime Finance for 275 Park Avenue, Clinton Hill, Brooklyn on August 15, 2024.

PH Realty Capital, Rockledge and Alma Realty borrowed $54 million from Prime Finance for 3100 Brighton 2nd Street, 75 St Nicholas Place, 66-74 St. Nicholas Place, 125 Brighton 11th Street, 231 Brightwater Court, and others, Brighton Beach, Brooklyn on August 01, 2024.

Sachs Companies borrowed $50.5 million from 3650 REIT for 210 East 58th Street and 155 East 55th Street, Midtown East, Manhattan on July 17, 2024.

Bando Construction borrowed $20 million from Keb Hana Bank for 65 West 55th Street, Midtown West, Manhattan on July 17, 2024.

Sachs Companies borrowed $48.6 million from Prime Finance for 210 East 58th Street and 155 East 55th Street, Midtown East, Manhattan on June 27, 2024.

Latest Stories:

• March foreclosure auction set for Pink Stone DoBro rental with $58M judgment (February 07, 2025)

• CB Developers, SK Development sign $76M refi for Williamsburg hotel (January 17, 2025)

• Kohan Retail, partners pay $85M to Namdar, Empire for office in Chelsea (January 17, 2025)

• Thor Equities pays $58.5M to Fairstead for 75-unit rental in Clinton Hill, gets $43M loan (August 16, 2024)

• PH Realty, Rockledge, Alma sign $54M acquisition loan with Prime Finance for 10 properties in NYC (August 02, 2024)

• PH Realty, Rockledge pay $27.7M to Sentinel for rentals in Brighton Beach, Crown Heights (July 24, 2024)

• Sachs Companies signs $50.5M refi with 3650 REIT for two properties in Midtown East (July 19, 2024)

• Bando Construction pays $36M to Sachs Companies for 79-unit rental in Midtown West (June 28, 2024)

• Courts roundup: $63.6M East Harlem technical pre-foreclosure; $13M pre-foreclosure in Gowanus (April 04, 2024)

• Wharton Properties pays $18.2M to Rudd Realty for 22-unit walkup in West Village (February 12, 2024)

Court Records:

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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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