Varde Partners
Lender
Lender
350 N Fifth Street, Suite 800. Minneapolis, MN 55401
People:
Varde Partners NYC portfolio
$221.4 million -hotel 100%; Manhattan 100%*
912th largest portfolio by dollar value
406,261 sqft – hotel 100%; Manhattan 100%
974th largest by SF
2 properties – Manhattan 100%
3598th largest
0 foreclosures, 0 bankruptcies, 2 other court cases.
Company Activity past 24 months:
Borrower company: 1 for $166.5 million
Lender company: 3 for $318.3 million
Top Ten Associated Companies:
Madison Realty Capital (1), Goldman Sachs (1), Wells Fargo (1)
Top Ten Associated People:
Siddharth Shrivastava (1), Jeffrey L. Cirillo (1)
Recent activity as company:
• Hawkins Way Capital and Varde Partners borrowed $166.5 million from Goldman Sachs and Wells Fargo for 525 Lexington Avenue, 525 Lexington Avenue, 525 Lexington Avenue, 525 Lexington Avenue, 525 Lexington Avenue, and others, Midtown East, Manhattan on November 14, 2025.
• Acumen Capital Partners borrowed $117 million from Varde Partners for 598 Flushing Avenue on October 09, 2025.
• Joy Construction borrowed $96.5 million from Varde Partners for 411 West 35 Street on July 08, 2025.
• William Rothner and Nahman Lichtenstein borrowed $66 million from Starwood Mortgage Capital for 873 4 Avenue on November 19, 2024.
• Concord Hotels borrowed $49.5 million from New York Life Insurance Company for 100 Greenwich Street on November 12, 2024.
• RB Realty Capital borrowed $104.8 million from Varde Partners for 97-12 65th Road, 97-12 65th Road, 97-12 65th Road, 97-12 65th Road, 97-12 65th Road, and others, Rego Park, Queens on October 01, 2024.
• Nahman Lichtenstein borrowed $64 million from Varde Partners for 873 4 Avenue on March 31, 2023.
• Hawkins Way Capital and Varde Partners borrowed $166.5 million from Madison Realty Capital for None on January 27, 2023.
• Deka Immobilien sold None for $153.4 million to Hawkins Way Capital and Varde Partners on January 27, 2023.
• Concord Hotels borrowed $48.3 million from Varde Partners for 100 Greenwich Street on September 21, 2021.
Latest Stories:
• Joy Construction signs $96.5M refi with Varde for 186-unit rental in Hudson Yards (July 15, 2025)
• Concord Hotels signs $49.5M refi for hotel in Financial District (November 26, 2024)
• William Rothner signs $66M refi for new 150-unit rental in Greenwood Heights (November 26, 2024)
• Hawkins Way, Varde pay $153.4M to Deka for hotel in Midtown East (February 07, 2023)
• Joy Construction signs $97M loan for 186-unit rental in Hudson Yards (July 20, 2022)
• Concord Hotels pays $69M to McSam, Jiten Hotel for FiDi hotel (September 30, 2021)
• Acumen Capital signs $43M refi loan with Square Mile in Bedford-Stuyvesant (July 30, 2021)
Court Records:
Properties:
