Harris Schornstein
Vice President
Valley National Bank
(Valley Bank)
70 Speedwell Ave Morristown, NJ 07960
Top Ten Associated Companies:
Zelig Weiss (1), Joseph Noormand (1), Lay Assets (1)
Top Ten Associated People:
Zelig Weiss (1), Joseph Noormand (1), Eddie Yair (1)
Recent activity as signatory:
• Oleg Pinkhasov borrowed $11.8 million from Bank of America for 185-28 Union Turnpike on December 16, 2025.
• Aurec Capital and Golden Arc borrowed $35 million from Ladder Capital for 1929 Avenue T on August 22, 2025.
• Lay Assets borrowed $30 million from Emerald Creek Capital for 1779 Coney Island Avenue on August 22, 2024.
• RYCO Capital borrowed $9.8 million from Derby Copeland Capital for 414 West Broadway and 414 West Broadway, SoHo, Manhattan on August 08, 2023.
• Zelig Weiss borrowed $24.4 million from Valley National Bank for 82 Hart Street on June 07, 2023.
• Lay Assets borrowed $12 million from Valley National Bank for None on April 19, 2023.
• Joseph Noormand borrowed $8 million from Valley National Bank for 1093 Southern Boulevard on June 16, 2022.
• Master Apts. Inc borrowed $13.3 million from Investors Bank for 310 Riverside Drive, Upper West Side, Manhattan on August 20, 2021.
Latest Stories:
• RYCO Capital sells retail, resi condos in SoHo (April 11, 2025)
• Lay Assets signs $48M construction loan with S3 Capital in Midwood (November 14, 2024)
• Lay Assets files plans for 28-unit project in Midwood (November 06, 2023)
• RYCO Capital pays $13.2M for retail, office in SoHo (September 22, 2023)
• Zelig Weiss signs $24.4M refi for 64-unit rental in Bedford Stuyvesant (June 13, 2023)
• Lay Assets signs $12M loan with Valley National for dev site in Midwood (May 08, 2023)
• Eddie Yair’s Lay Assets pays $4.5M for gas station in Midwood (December 14, 2020)