John McDonald
Coo
Doe Fund
Owner
Doe Fund NYC portfolio
$273.2 million -elevator 35%, office 25%, development 15%; Bronx 59%, Brooklyn 34%, Manhattan 5%*
765th largest portfolio by dollar value
349,130 sqft – elevator 54%, N2 24%, office 9%; Bronx 72%, Brooklyn 17%, Manhattan 9%
1085th largest by SF
13 properties – Bronx 69%, Brooklyn 23%, Manhattan 7%
785th largest
472 residential units – Bronx 100%
613th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $26 million
Borrower signatory: 2 for $42.4 million
Top Ten Associated Companies:
Wells Fargo (2), Merchants Bank of Indiana (2), SKF Development (1), Lemon Property 7 LLC (1), NYC Department of Housing Preservation and Development (1), Richman Group (1), Corporation for Supportive Housing (1), Leviticus Fund (1), UMB Bank (1), Ramzey Ahmad (1)
Top Ten Associated People:
Ayush Kapahi (1), Nathan F. Fahrer (1), Emily Lehman (1), David A. Salzman (1), Jill Fullmer (1), Ramzey Ahmad (1)
Recent activity as signatory:
• Doe Fund borrowed $12.1 million from Merchants Bank of Indiana for 223 East 117 Street on December 19, 2024.
• SKF Development sold 2732 Creston Avenue for $26 million to Doe Fund on August 30, 2024.
• Doe Fund borrowed $30.3 million from Doe Fund 2732/2738 Creston Avenue Lease-Backed Pass-Through Trust Series 2024 for 2732 Creston Avenue on August 30, 2024.
• Doe Fund borrowed $10.3 million from JPMorgan Chase for 3192 Villa Avenue on December 05, 2023.
• Doe Fund borrowed $9.4 million from NYC Department of Housing Preservation and Development for 4400 Bullard Avenue on August 29, 2023.
• Doe Fund borrowed $52.6 million from UMB Bank for 510 Gates Avenue on December 22, 2022.
• Doe Fund borrowed $9.5 million from Corporation for Supportive Housing for 481 Chester Street on December 13, 2022.
• Ramzey Ahmad sold 481 Chester Street for $6.5 million to Doe Fund on December 13, 2022.
• Doe Fund borrowed $5.2 million from Leviticus Fund for 660 Casanova Street on March 30, 2022.
• Richman Group sold 223 East 117 Street for $6.1 million to Number One Single Room Occupancy HDFC on March 10, 2022.
Latest Stories:
• Doe Fund signs $9.4M refi loan with city for two shelters in Bronx (September 18, 2023)
• Doe Fund signs $52.6M new construction loan for shelter in Bedford Stuyvesant (January 04, 2023)
• Doe Fund pays $6.5M to Ahmad Associates LLC for dev site in Brownsville (December 20, 2022)
• Doe Fund borrows $13M from KeyBank for homeless shelter site in Bedford-Stuyvesant (May 22, 2020)