Rialto Capital Advisors

People:

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Rialto Capital Advisors NYC portfolio

$79.2 million* – hotel 50%, office 25%, elevator 24%; Manhattan 100%

1386th largest portfolio by dollar value

102,204 sqft – hotel 65%, office 19%, elevator 15%;

1925th largest by SF

3 properties – Manhattan 100%

2315th largest

19 residential units – Manhattan 100%

3346th largest by residential units

61 foreclosures, 0 bankruptcies, 6 other court cases.

Company Activity past 24 months:

Buyer company: 3 for $79.2 million

Lender company: 1 for $54.5 million

Top Ten Associated Companies:

Caihong Chen (1), Caiyun Chen (1), Mingsen Chen (1), Shuigun Chen (1), Scott Schroeder (1), Kevin Fee (1), Victor Afonso (1), Prime Rok Real Estate (1), Daniel Rahmani (1), Townhouse Management Company (1)

Top Ten Associated People:

Ephraim Diamond (1), Paul R. Sklar (1), Ian V. Lagowitz (1), Michael A. Maidman (1)

Recent activity as company:

• Caihong Chen, Caiyun Chen, Mingsen Chen and Shuigun Chen sold 70 Broad Street, Financial District, Manhattan for $20 million to RSS WFCM2015-NXS2-NY WAM LLC and Rialto Capital Advisors on March 14, 2025.

Prime Rok Real Estate and Daniel Rahmani sold 1442 Lexington Avenue, Carnegie Hill, Manhattan for $19.2 million to Rss Wfcm2018-C44-Ny Lod and Rialto Capital Advisors on January 06, 2025.

Townhouse Management Company borrowed $54.5 million from FS Investments and Rialto Capital Advisors for 554-556 3rd Avenue, Murray Hill, Manhattan on December 19, 2024.

• Scott Schroeder, Kevin Fee and Victor Afonso sold 342 West 40th Street, Garment District, Manhattan for $40 million to Rialto Capital Advisors and RSS MSBAM2012-C5-NY 3PL on October 29, 2024.

Vipul Patel, Jai Patel, Krishna Mehta, Chandra Mehta and Jagruti Patel borrowed $5.5 million from New Millennium Bank for 139-09 Archer Avenue, Jamaica, Queens on May 20, 2024.

Stephen L. Clark borrowed $17.6 million from Equity Bank for 1320 Zerega Avenue, Westchester Square, Bronx on September 30, 2024.

Joginder Sharma borrowed $12.5 million from Emerald Creek Capital for 767 8th Avenue, 154-10 South Conduit Avenue, and N/A 155th Street, Hell’s Kitchen, Manhattan on June 21, 2022.

Latest Stories:

• Lender takes back landmarked 70 Broad with $20M bid (March 20, 2025)

• AB Capstone signs $24M refi with Stabilis for retail in Jamaica Estates (March 05, 2025)

• Lender gets 16-unit Carnegie Hill rental by foreclosure, sold for $15.8M in 2017 (February 26, 2025)

• $104.5M pre-foreclosure filed at RFR’s 90 Fifth Ave, no claim of payment or maturity default (February 17, 2025)

• $66M pre-foreclosure filed at MJ Orbach office building in Flatiron District (February 13, 2025)

• Pre-foreclosure roundup: $12.8M in Mt. Eden, $6.8M in Jamaica, $7.2M in Harlem (February 07, 2025)

• Blackstone file $65M pre-foreclosure at Chetrit Garment District office (January 30, 2025)

• Servicer ends $180M pre-foreclosure at RFR’s 17 State in FiDi (January 15, 2025)

• Courts roundup: $71M in 3 pre-foreclosures at Namdar, Madison Realty Capital, Yoel Goldman assets (January 13, 2025)

• Rialto takes control of Distrikt Hotel in Garment District following $40M foreclosure (December 31, 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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