Derrick Lovett

(Derrick A. Lovett)

President And Ceo

MBD Community Housing Corporation

(M.B.D. Community Housing, MBD Community Housing, MBD Housing, Mid-Bronx Desperadoes)

Owner

1789 Southern Blvd. Bronx, NY 10460

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MBD Community Housing Corporation NYC portfolio

$329.5 million -elevator 75%, walkup 24%; Bronx 99%*

654th largest portfolio by dollar value

694,020 sqft – elevator 78%, walkup 21%; Bronx 100%

655th largest by SF

7 properties – Bronx 100%

1421th largest

687 residential units – Bronx 100%

452th largest by residential units

Person Activity past 24 months:

Buyer signatory: 3 for $92.4 million

Borrower signatory: 3 for $602.1 million

Developer (new building or major alteration): 16 for 48,717 square feet

Top Ten Associated People:

Jonathan Gouveia (1), Salvatore D’Avola (1), Ayush Kapahi (1)

Recent activity as signatory:

• MBD Community Housing Corporation borrowed $153.4 million from Merchants Capital for 50 Cameron Place on June 30, 2025.

• Neighborhood Restore sold 50 Cameron Place for $32.3 million to MBD Community Housing Corporation on June 30, 2025.

• New York City Housing Authority ground leased 3485 Bivona Street valued at $34.3 million to Beacon Communities and MBD Community Housing on September 26, 2024.

• Beacon Communities borrowed $419.6 million from Freddie Mac and NYC Housing Development Corporation for 3485 Bivona Street on September 26, 2024.

• MBD Community Housing Corp borrowed $29.1 million from NYC Housing Development Corporation for 2470 Tiebout Avenue on June 27, 2024.

• SKF Development sold 2470 Tiebout Avenue for $25.8 million to MBD Community Housing Corp on June 27, 2024.

• MBD Community Housing Corp borrowed $22.2 million from JPMorgan Chase for 1105 Tinton Avenue on December 22, 2022.

Properties:

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