SME Capital Ventures

(SME Capital)

Lender

200 Park Avenue New York, New York 10166

54 Thompson St New York, NY 10012

People:

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SME Capital Ventures NYC portfolio

$62.2 million -industrial 74%, condo 25%; Manhattan 99%*

1908th largest portfolio by dollar value

90,383 sqft – industrial 72%, condo 27%; Manhattan 100%

2472th largest by SF

2 properties – Manhattan 100%

3582th largest

8 foreclosures, 4 bankruptcies, 12 other court cases.

Notes

SME Capital Ventures at times uses the name SME Capital, but that should not be confused with a UK company of the same name that is an alternative finance provider.

Company Activity past 24 months:

Buyer company: 1 for $46.2 million

Borrower company: 2 for $41 million

Lender company: 4 for $51.8 million

Top Ten Associated Companies:

Maxim Capital Group (1), G4 Capital Partners (1)

Top Ten Associated People:

Eric Sadkin (1)

Recent activity as company:

Verdevelopment Group borrowed $7.6 million from Hirshmark Capital for 28 Herbert Street, 28 Herbert Street, 28 Herbert Street, 28 Herbert Street, 28 Herbert Street, and 28 Herbert Street, Williamsburg, Brooklyn on January 30, 2026.

Erno Bodek sold 545 West 21 Street for $46.2 million to SME Capital Ventures on December 29, 2025.

SME Capital Ventures borrowed $25 million from G4 Capital Partners for 545 West 21 Street on December 29, 2025.

SME Capital Ventures borrowed $16 million from Maxim Capital Group for 52 Thompson Street, 52 Thompson Street, 52 Thompson Street, 52 Thompson Street, 52 Thompson Street, and others, SoHo, Manhattan on May 30, 2025.

T30 Capital borrowed $17.5 million from SME Capital Ventures for 46 West 8 Street on May 02, 2025.

Verdevelopment Group borrowed $13 million from SME Capital Ventures for 244 West 18 Street on December 24, 2024.

• 310 Kent Ave Suite 408 Brooklyn registered borrowed $16 million from SME Capital Ventures for 244 West 18 Street on August 05, 2024.

LTNG borrowed $5.3 million from SME Capital for 76 North 8 Street on August 01, 2024.

Sugar Hill Capital Partners borrowed $8.2 million from SME Capital Ventures for 46 West 8 Street on October 06, 2023.

SME Capital Ventures on March 03, 2023 bought a loan with an original principal of $8 million from Emerald Creek Capital, signed by Mark Bahiri, secured by 244 West 18 Street, when owned by Joseph Nabavi.

Latest Stories:

• SME Capital Ventures acquires office building in Chelsea via $46.2M bankruptcy transaction (January 16, 2026)

• SME Capital signs $16M refi loan with Maxim for building in SoHo (June 06, 2025)

• T30 Capital signs $17.5M construction loan with SME for 5-unit project in Greenwich Village (May 14, 2025)

• Poise Property signs $6M construction loan with MidFirst Bank in Greenpoint (April 18, 2025)

• Reuben Pinner plans 19 units at former bankrupt Chelsea site bought for $10.5M (December 08, 2024)

• Partnership pays $4.5M to LTNG for dev site in Greenpoint (October 22, 2024)

• Anonymous buyer pays $10.5M for 35-unit condo dev site in Chelsea (August 16, 2024)

• Buyer pays $10M for retail in Greenwich Village (October 20, 2023)

• Chelsea developers sue to block looming UCC auction at “$80M” building (July 07, 2023)

• Joseph Nabavi puts $10M Chelsea residential project in bankruptcy (May 22, 2023)

Court Records:

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Properties:

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