Joseph Teichman

(Joseph E. Teichman)

Executive Vice President

General Counsel

Lightstone Group

299 Park Avenue, New York, NY 10171

1985 Cedarbridge Ave #1 Lakewood, NJ 0870

Lightstone Group NYC portfolio

$2.5 billion* – condo 43.0%, hotel 30.0%; Manhattan 64.0%, Queens 15.0%

71th largest portfolio by dollar value

3,338,054 sqft – elevator 51.0%, condo 29.0%;

87th largest by SF

378 properties – Manhattan 91%, Bronx 5%

15th largest

2,631 residential units – Bronx 40.0%, Queens 23.0%

68th largest by residential units

2 foreclosures, 19 bankruptcies, 21 other court cases.

Person Activity past 24 months:

Borrower signatory: 10 for $1.1 billion

Lender signatory: 1 for $19.5 million

Top Ten Associated Companies:

Signature Bank (6), New York Community Bank (6), JLL (2), Webster Bank (2), Apollo Global Management (2), Western Alliance Bank (2), Reznik Paz Nevo Trusts (2), Irene Bogoni (1), Paul Bogoni (1), Banco Inbursa (1)

Top Ten Associated People:

Elizabeth Arato (5), Yonatan Whitehouse (2), Armando Estrada (2), Hillel Lazarus (2), Irene Bogoni (1), Patrick McCarren (1), Michael Lotito (1), Marvin Azrak (1), Sofia Einy (1), Jeffrey Horowitz (1)

Recent activity as signatory:

• Lightstone Group borrowed $67.2 million from Apollo Global Management for 50-01 2nd Street, Long Island City, Queens on February 05, 2025.

• Lightstone Group borrowed $290.1 million from Reznik Paz Nevo Trusts for 485 7th Avenue and N/A West 36th Street, Garment District, Manhattan on February 04, 2025.

• Lightstone Group borrowed $86 million from Western Alliance Bank for 361 Bedford Avenue, Williamsburg, Brooklyn on April 23, 2024.

• Lightstone Group borrowed $168 million from JLL for 30-02 39th Avenue, 30-02 39th Avenue, and 30-02 39th Avenue, Long Island City, Queens on March 06, 2024.

• Lightstone Group borrowed $177.8 million from Reznik Paz Nevo Trusts for 105 West 28th Street, Chelsea, Manhattan on March 06, 2024.

• Lightstone Group borrowed $110 million from Apollo Global Management for 145-151 Bowery, Lower East Side, Manhattan on December 11, 2023.

• Lightstone Group borrowed $165.6 million from JLL for 365 Bond Street, Gowanus, Brooklyn on December 08, 2023.

• Maguire Capital Group borrowed $19.5 million from Lightstone Group for 3128 Emmons Avenue, 3126 Emmons Avenue, 3124 Emmons Avenue, 3130 Emmons Avenue, 3144 Emmons Avenue, and others, Sheepshead Bay, Brooklyn on October 23, 2023.

• Lightstone Group borrowed $32.5 million from Western Alliance Bank for 29-21 41st Avenue, Long Island City, Queens on June 08, 2023.

• Shamik Bafna borrowed $10.5 million from Patriot Bank for 38-27 30th Street, Long Island City, Queens on May 08, 2023.