Jeffrey Puchin

Valley National Bank

(Valley Bank)

70 Speedwell Ave Morristown, NJ 07960

Person Activity past 24 months:

Lender signatory: 9 for $568.3 million

Top Ten Associated Companies:

Clipper Equity (4), Chess Builders (1), Abraham Waldman (1), CW Realty Group (1), Jacob Schwimmer (1), Jacob Joseph Schwimmer (1), Solomon Schwimmer (1), Yossel Lichtman (1), Cheskel Schwimmer (1)

Top Ten Associated People:

David Bistricer (4), Cheskel Schwimmer (2), Abraham Waldman (1), Mark Friedman (1), Jacob Schwimmer (1), Jacob Joseph Schwimmer (1), Solomon Schwimmer (1), Yossel Lichtman (1)

Recent activity as company:

Chess Builders borrowed $105 million from Valley National Bank for 355 East 86th Street, Yorkville, Manhattan on March 12, 2025.

Chess Builders borrowed $170 million from MF1 Capital for 218 Front Street, Vinegar Hill, Brooklyn on October 29, 2024.

Abraham Waldman borrowed $8 million from Valley National Bank for 56 East 21st Street, Flatbush, Brooklyn on September 11, 2024.

Clipper Equity borrowed $95 million from Bank Hapoalim for 2359 Bedford Avenue, Flatbush, Brooklyn on April 17, 2024.

Clipper Equity borrowed $105 million from Valley National Bank for 2201 Beverly Road, Flatbush, Brooklyn on March 27, 2024.

• Jacob Joseph Schwimmer and Solomon Schwimmer borrowed $9.2 million from Valley National Bank for 558 Sackett Street, Gowanus, Brooklyn on February 27, 2024.

Jacob Schwimmer borrowed $141.5 million from MF1 Capital for 40 Bruckner Boulevard, Mott Haven, Bronx on December 29, 2023.

Clipper Equity borrowed $85 million from Valley National Bank for 130 Hope Street, Williamsburg, Brooklyn on December 21, 2023.

Solomon Schwimmer borrowed $55 million from Ponce Bank for 150 Lawrence Street, Downtown Brooklyn, Brooklyn on December 19, 2023.

Jacob Schwimmer borrowed $63 million from Valley National Bank for 540 Atlantic Avenue, Boerum Hill, Brooklyn on December 06, 2023.

Latest Stories:

• Chess Builders pays $50M to Extell Development for dev site in Yorkville (March 07, 2025)

• Chess Builders files plans for 99-unit building on First Avenue in Yorkville (November 25, 2024)

• Chess Builders signs $170M refi with MF1 Capital for 218-unit Vinegar Hill rental (October 30, 2024)

• Clipper Equity signs $95M construction loan with Bank Hapoalim for 130-unit project in Flatbush (April 18, 2024)

• Clipper Equity signs $105M construction loan in Flatbush (March 28, 2024)

• Jacob Schwimmer signs $141.5M refi for newly built 365-unit rental in Mott Haven (January 02, 2024)

• Solomon Schwimmer signs $55M construction loan for 101-unit project in Downtown Brooklyn (December 20, 2023)

• Jacob Schwimmer signs $63M construction loan for 159-unit project in Boerum Hill (December 07, 2023)

• Jacob Schwimmer pays $38M for office in Boerum Hill, possible dev site (December 06, 2023)

• Yossel Lichtman signs $35.5M construction loan for 131-unit project in Flatbush (October 16, 2023)

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