Spencer Savings Bank

People:

Company Activity past 24 months:

Lender company: 5 for $33.9 million

Recent activity as company:

• Shimshon Grunstein borrowed $6.4 million from Spencer Savings Bank for 358 East 134 Street on March 25, 2026.

• Garbo & Company borrowed $5.3 million from Goldman Sachs for 378 South 3 Street on February 04, 2026.

• Mendel Tessler borrowed $7.5 million from Spencer Savings Bank for 190 East 205 Street on June 25, 2025.

• Zev Lefkowitz and Israel Weinberger borrowed $9.1 million from Spencer Savings Bank for 689 East 223 Street on March 12, 2025.

• Isaac Broyn borrowed $13 million from Citibank for 950 Bedford Avenue on March 05, 2025.

• Devli Real Estate borrowed $5.4 million from Spencer Savings Bank for 51 West 33 Street on January 31, 2025.

• Shuhua Wu borrowed $5.8 million from Cathay Bank for 248 55 Street on August 30, 2024.

• Steven Westreich borrowed $5.5 million from Spencer Savings Bank for 1313 Morris Avenue on July 11, 2024.

• ADI Management borrowed $5.8 million from Esquire Bank for 4084 Broadway on June 28, 2024.

• ADI Management on June 04, 2024 bought a loan with an original principal of $6.5 million from Spencer Savings Bank, secured by 4084 Broadway, when owned by ADI Management.

Latest Stories:

• Mendel Tessler signs $7.5M refi for new 25-unit rental in Bedford Park (August 25, 2025)

• Dharmanandan Diamonds pays $9.6M to Leo Schachter Diamonds for office condo in Midtown West (May 09, 2025)

• Jacob Schwimmer signs $165M refi for new 448-unit rental in Mott Haven (September 09, 2024)

• Yaakov Lefkowitz signs $10M refi for 35-unit building in Mt Hope (April 26, 2023)

• Joseph Silberman signs $12.3M refi loan with Spencer Savings Bank for new 56-unit building in Hunts Point (January 24, 2023)

• SNL Storage signs $34.6M construction loan with Axos Bank for 54K sf project in Elmhurst (September 07, 2022)

• Jacob Schwimmer signs $105M construction loan with S3 Capital for 447-unit project in Mott Haven (February 17, 2022)

• Joel Mittelman, Yaakov Lefkowitz sign $7.9M construction loan for 35-unit project in Mt Hope (February 14, 2022)

• Zaro’s sells dev site for $35.2M, Schwimmer signs ground lease valued at $35M (January 24, 2022)

• Joel Rubin pays $15M to Israel Perlmutter for rental in Williamsburg (August 02, 2021)

Court Records: