Jay Shah
(Shah Jay)
Cre – Relationship Manager And Originator
Metropolitan Commercial Bank
Lender
Metropolitan Commercial Bank NYC portfolio
$13.2 million -mixed-use 100%; Brooklyn 100%*
4414th largest portfolio by dollar value
15,800 sqft – mixed-use 100%; Brooklyn 100%
5526th largest by SF
3 foreclosures, 1 bankruptcy, 3 other court cases.
Other Links:
Person Activity past 24 months:
Lender signatory: 15 for $219.4 million
Top Ten Associated Companies:
SKF Development (6), Spaxel (2), Altmark Group (1), H. Gilbert Polinsky (1), Mona Gora Friedman (1), Lam Group (1), Jenel Management (1), Angelo Gordon (1), Justin Management (1), Namdar Realty Group (1)
Top Ten Associated People:
Robert J. Teitelbaum (6), Granit Gjonbalaj (2), Barry Altmark (1), H. Gilbert Polinsky (1), Mona Gora Friedman (1), Kin Chung Lam (1), David Dushey (1), Doug Profenius (1), David Justin (1), Igal Namdar (1)
Recent activity as signatory:
• Benchmark Real Estate Group borrowed $8.4 million from Metropolitan Commercial Bank for 20 East 69 Street on July 17, 2026.
• Nalcorp borrowed $15.7 million from Bank Hapoalim for 519 East 132 Street on June 12, 2026.
• Kings Capital borrowed $2.6 million from Derby Copeland Capital for 352 Palmetto Street on June 08, 2026.
• Spark Hotels borrowed $31.1 million from Wells Fargo for 23 West 37 Street on May 27, 2026.
• 101 Holdings borrowed $10 million from 360 Capital Funding for None on May 04, 2026.
• Moses Werzberger borrowed $7.2 million from Metropolitan Commercial Bank for 322 De Witt Avenue on April 29, 2026.
• Franco Sukaj borrowed $5.7 million from Self Reliance New York Federal Credit Union for None on April 28, 2026.
• Triangle Equities borrowed $14.5 million from Metropolitan Commercial Bank for 755 Co-Op City Boulevard, 755 Co-Op City Boulevard, and 755 Co-Op City Boulevard, Eastchester, Bronx on April 09, 2026.
• Spaxel borrowed $16.1 million from Metropolitan Commercial Bank for 1745 West Farms Road on March 18, 2026.
• Stellar Management borrowed $22.5 million from Metropolitan Commercial Bank for 220 5 Avenue on October 27, 2025.
Latest Stories:
• Nalcorp pays $21.7M to Altmark Group for 297-unit dev site in Mott Haven (June 18, 2026)
• Kings Capital signs $2.6M refi with Derby Copeland for 6-unit walkup in Bushwick (June 11, 2026)
• Spark Hotels pays $39.9M to Lam Group for hotel in Grand Central (June 08, 2026)
• Anshel Fridman’s Nalcorp files plans for 99 units in Mott Haven, 3rd on site (May 06, 2026)
• Anshel Fridman’s Nalcorp files plans for 2 buildings with 198 units in Mott Haven (April 29, 2026)
• Spaxel signs $32.6M refi with JLL for 128-unit rental in Mt Hope (December 19, 2025)
• OTL Enterprises pays $8M for dev site in Financial District (September 25, 2025)