Spruce Capital

Lender

Spruce Capital NYC portfolio

$16.5 million -walkup 100%; Manhattan 96%, Brooklyn 3%*

3848th largest portfolio by dollar value

13,690 sqft – walkup 100%; Brooklyn 51%, Manhattan 48%

5595th largest by SF

2 properties – Manhattan 50%, Brooklyn 50%

4073th largest

17 residential units – Manhattan 52%, Brooklyn 47%

3995th largest by residential units

Top Ten Associated Companies:

Greenbrook Partners (1), First Republic Bank (1), Boomerang Development Group (1)

Top Ten Associated People:

Greg Fournier (1), Marco Auteri (1)

Recent activity as company:

• Spruce Capital borrowed $12 million from First Republic Bank for 38 East 75 Street on September 30, 2022.

• Anne B. Snee sold 38 East 75 Street for $8.5 million to Spruce Capital on December 17, 2021.

• Ashok Patel borrowed $5 million from Spruce Capital for 84-23 37 Avenue on September 09, 2021.

• BQBP borrowed $6.3 million from Starwood Capital Group for 385 Classon Avenue on August 30, 2021.

• Spruce Capital sold 288A Nassau Avenue for $2.2 million to Greenbrook Partners on August 26, 2021.

• Hector Florimon borrowed $6 million from Spruce Capital for 90-64 176 Street on August 13, 2021.

• Kamaljit Singh borrowed $6 million from Spruce Capital for 109-57 109 Street on August 04, 2021.

• Michael Weitzman borrowed $6 million from Spruce Capital for 141 Kent Avenue on August 02, 2021.

• Leonid Bogomolniy borrowed $10.7 million from Spruce Capital for 29 West End Avenue, 27 West End Avenue, 17 West End Avenue, 15 West End Avenue, and 11 West End Avenue, Brighton Beach, Brooklyn on July 19, 2021.

• Candor Capital borrowed $12.5 million from Spruce Capital for 250 Winthrop Street on June 30, 2021.

Latest Stories:

• Joel Jacob signs $21M refi with Bravo Capital for 54-unit rental in East Flatbush (January 25, 2026)

• Eliahu Nahman signs $17.8M refi for new rentals in Prospect Lefferts Gardens (September 24, 2025)

• Carlyle, Greenbrook sign $29M loan with Invesco for 13 rentals, part of $120M total expected (August 28, 2024)

• J&C International Group signs $14M refi with East West Bank for 30-unit condo building in Flushing (September 14, 2023)

• David Kramer pays $12.2M to Joel Schwartz for 21-unit development in Williamsburg (January 09, 2023)

• Spruce Capital signs $12M rehab loan for residential walkup in Lenox Hill (October 12, 2022)

• Boomerang Development files 15-unit, $59M condo plan in Yorkville (September 02, 2022)

• Joel Schwartz signs $24.8M refi with Quanta Finance in Brooklyn (June 20, 2022)

• Edery Global signs $31.5M construction loan with S3 Capital for dev site in Williamsburg (May 18, 2022)

• Ekstein Development signs $48.8M construction loan with Santander for development in Bushwick (April 13, 2022)

Court Records:

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Properties:

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