Jay Shah

Metropolitan Commercial Bank

Lender

Metropolitan Commercial Bank NYC portfolio

$13.2 million* – mixed-use 100%; Brooklyn 100%, Manhattan 0%

3635th largest portfolio by dollar value

15,800 sqft – mixed-use 100%;

4598th largest by SF

0 foreclosures, 1 bankruptcy, 1 other court case.

Person Activity past 24 months:

Lender signatory: 12 for $202.8 million

Top Ten Associated Companies:

SKF Development (5), Altmark Group (1), Jenel Management (1), Spaxel (1), Angelo Gordon (1), Ezra Mashaal (1), Leser Group (1), H. Gilbert Polinsky (1), Mona Gora Friedman (1), Barone Management (1)

Top Ten Associated People:

Robert J. Teitelbaum (5), Barry Altmark (1), David Dushey (1), Granit Gjonbalaj (1), Doug Profenius (1), Ezra Mashaal (1), Abraham Leser (1), H. Gilbert Polinsky (1), Mona Gora Friedman (1), John Silviano (1)

Recent activity as signatory:

• Altmark Group borrowed $9.8 million from Metropolitan Commercial Bank for 517 East 132nd Street, 519 East 132nd Street, and 122 Bruckner Boulevard, Mott Haven, Bronx on March 11, 2025.

• Lam Group borrowed $40 million from Metropolitan Commercial Bank for 160 West 25th Street, Chelsea, Manhattan on February 04, 2025.

• SKF Development borrowed $22.6 million from Metropolitan Commercial Bank for 1760 Boone Avenue, East Morrisania, Bronx on February 03, 2025.

• Chess Builders borrowed $79 million from S3 Capital for 250 West 49th Street, Midtown West, Manhattan on January 22, 2025.

• Cayre Equities borrowed $8.5 million from Metropolitan Commercial Bank for 254-258 West 35th Street, Garment District, Manhattan on November 29, 2024.

• Leser Group borrowed $6.5 million from Metropolitan Commercial Bank for 1508 Herkimer Street, Cypress Hills, Brooklyn on September 11, 2024.

• AbeCo Organization borrowed $15 million from Amalgamated Bank for 914 East New York Avenue, 906 East New York Avenue, and 916 East New York Avenue, East Flatbush, Brooklyn on September 05, 2024.

• Brause Realty borrowed $10 million from company for 37 Union Square, Flatiron District, Manhattan on July 08, 2024.

• Bruce Camacho borrowed $7 million from Maspeth Federal Savings and Loan Association for 520 Hudson Street, West Village, Manhattan on April 26, 2024.

• Verivia borrowed $7.5 million from Citibank for 152 Norman Avenue and 126 Bedford Avenue, Greenpoint, Brooklyn on April 23, 2024.