Jay Shah
(Shah Jay)
Cre – Relationship Manager And Originator
Metropolitan Commercial Bank
Lender
Office: +1 212-365-6700
Email: jshah@mcbankny.com
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Metropolitan Commercial Bank NYC portfolio
$13.2 million -mixed-use 100%; Brooklyn 100%*
4283th largest portfolio by dollar value
15,800 sqft – mixed-use 100%; Brooklyn 100%
5405th largest by SF
3 foreclosures, 1 bankruptcy, 3 other court cases.
Person Activity past 24 months:
Lender signatory: 14 for $211 million
Top Ten Associated Companies:
SKF Development (6), Spaxel (2), Triangle Equities (1), Moses Werzberger (1), Ezra Mashaal (1), Leser Group (1), Barone Management (1), Cayre Equities (1), 60 Guilders (1), Altmark Group (1)
Top Ten Associated People:
Robert J. Teitelbaum (6), Granit Gjonbalaj (2), Evan Petracca (1), Moses Werzberger (1), Ezra Mashaal (1), Abraham Leser (1), John Silviano (1), Kenneth Cayre (1), Kevin Chisholm (1), Barry Altmark (1)
Recent activity as signatory:
• 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.
• SKF Development borrowed $23.8 million from Valley National Bank for 2055 Ryer Avenue on October 08, 2025.
Latest Stories:
• 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)
• AbeCo signs $18.5M refi with Morgan Stanley for Gravesend rental with 41 units (August 14, 2025)