Jeffrey Schwartz
Director
ING Capital
(ING Americas, ING Real Estate Finance, ING Bank)
Lender
Person Activity past 24 months:
Lender signatory: 6 for $2.7 billion
Top Ten Associated Companies:
Brookfield Properties (4), Olayan Group (2), RXR Realty (2), Blumenfeld Development Group (1), Dbjpm 2017-C6 611 Degraw LLC (1), 99c LLC (1)
Top Ten Associated People:
Noah Daniels (1), Ketan Patel (1), David Blumenfeld (1), Sung Chul Whang (1), Matthew Kahn (1), Justin Kollender (1), Matthew Furay (1), David Frank (1), Sabrina Khabie (1), Anthony S. Fusco (1)
Recent activity as signatory:
• Brookfield Properties borrowed $80 million from ING Capital for 424 West 23rd St, 424 West 23rd St, and 424 West 23rd St, Chelsea, Manhattan on March 02, 2026.
• Olayan Group borrowed $800 million from ING Capital for 29 East 55 Street on February 13, 2026.
• Blumenfeld Development Group and Brookfield Properties borrowed $195 million from ING Capital for 547 East 117 Street on December 23, 2025.
• Brookfield Properties borrowed $1.2 billion from Citibank, Bank of America, Santander Bank, Barclays and ING Capital for 660 Fifth Avenue and 660 Fifth Avenue, Midtown West, Manhattan on October 21, 2025.
• RAGHSA Real Estate borrowed $130 million from JPMorgan Chase and Citibank for 510 West 22nd Street and 510 West 22nd Street, Chelsea, Manhattan on August 14, 2025.
• NYS Common Retirement Fund and J.P. Morgan Asset Management borrowed $128.3 million from JLL for 570 11 Avenue on July 11, 2025.
• RXR Realty borrowed $177.5 million from ING Capital for 530 5th Avenue, Midtown West, Manhattan on August 16, 2024.
• 99c LLC borrowed $193.1 million from ING Capital for 151 Front Street on July 03, 2024.
• Alec Shtromandel sold 613 Degraw Street for $8 million to Dbjpm 2017-C6 611 Degraw LLC on November 22, 2023.
• Brookfield Properties borrowed $750 million from ING Capital for 666 5th Avenue, Midtown West, Manhattan on November 21, 2022.
Latest Stories:
• Olayan Group signs $800M refi with ING Capital for office in Midtown East (February 20, 2026)
• Brookfield signs $1.2B refi for 660 Fifth Ave in Midtown West (October 31, 2025)
• RAGHSA pays $205M to Vornado for office building in Chelsea (August 20, 2025)
• RXR Realty signs $177.5M refi with ING Capital for office in Midtown West (August 27, 2024)
• Maheshchand Ratanji pays $9.2M for formerly foreclosed hotel in Gowanus (August 23, 2024)
• 99c LLC pays $297M to Banyan Street for FiDi office building, was $470M in 2015 (July 12, 2024)
• Lender acquires Union Hotel in Gowanus through $8M foreclosure transfer (December 15, 2023)