Joseph Caruso
(Joseph S. Caruso, Caruso Joseph)
Chief Operating Officer
Chief Compliance Officer
Arden Group
Owner
1600 Market Street, Suite 2600 Philadelphia, PA 19103
Arden Group NYC portfolio
$410.3 million -hotel 54%, development 45%; Manhattan 99%*
537th largest portfolio by dollar value
158,519 sqft – hotel 100%; Manhattan 100%
1810th largest by SF
2 properties – Manhattan 100%
3566th largest
222 residential units – Manhattan 100%
1070th largest by residential units
0 foreclosures, 2 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Borrower signatory: 3 for $199.5 million
Developer (new building or major alteration): 16 for 0 square feet
Top Ten Associated Companies:
SCALE Lending (2), Maxim Capital Group (2), Starwood Property Trust (1), Banco Inbursa (1)
Top Ten Associated People:
Eric Sadkin (2), Joseph Rothenberg (1), Martin Nussbaum (1)
Recent activity as signatory:
• Arden Group borrowed $141.5 million from Starwood Property Trust for 4658 Broadway on July 28, 2025.
• Arden Group borrowed $33 million from Maxim Capital Group for 124 West 57 Street on May 28, 2025.
• Arden Group borrowed $25 million from Maxim Capital Group for 124 West 57 Street on May 28, 2025.
• Arden Group borrowed $150 million from Banco Inbursa for 4658 Broadway on April 14, 2023.
• Arden Group borrowed $34 million from SCALE Lending for 4658 Broadway on December 17, 2021.
• Joseph Caruso filed plans for new building for 351,388 sqft in Washington Heights, Manhattan, on November 29, 2021.
• Arden Group borrowed $44 million from SCALE Lending for 4658 Broadway on June 01, 2021.
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