Varde Partners

(Varde, Värde)

Lender

350 N Fifth Street, Suite 800. Minneapolis, MN 55401

varde.com

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Varde Partners NYC portfolio

$221.4 million -hotel 100%; Manhattan 100%*

919th largest portfolio by dollar value

406,261 sqft – hotel 100%; Manhattan 100%

991th largest by SF

2 properties – Manhattan 100%

3635th largest

0 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Borrower company: 1 for $166.5 million

Lender company: 6 for $541.3 million

Top Ten Associated Companies:

Goldman Sachs (1), Wells Fargo (1), Madison Realty Capital (1)

Top Ten Associated People:

Siddharth Shrivastava (1), Jeffrey L. Cirillo (1)

Recent activity as company:

• Solomon Schwimmer borrowed $25.9 million from Varde Partners for 527 Grand Avenue on June 15, 2026.

• Solomon Schwimmer borrowed $22.1 million from Varde Partners for 650 Madison Street on June 15, 2026.

• Beitel Group borrowed $175 million from Varde Partners for 120 East 144 Street on May 20, 2026.

• 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.