Marc Kwestel

Evp Of Finance

Extell Development

805 3rd Ave 7th floor New York, NY 10022

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Extell Development NYC portfolio

$6.9 billion -condo 45%, elevator 15%, specialty 9%; Manhattan 99%*

23th largest portfolio by dollar value

5,305,997 sqft – condo 44%, specialty 20%, elevator 11%; Manhattan 99%

75th largest by SF

94 properties – Manhattan 99%

66th largest

2,368 residential units – Manhattan 100%

132th largest by residential units

18 foreclosures, 22 bankruptcies, 41 other court cases.

Person Activity past 24 months:

Buyer signatory: 3 for $263.8 million

Seller signatory: 1 for $50 million

Borrower signatory: 11 for $2 billion

Top Ten Associated Companies:

Cain International (4), New York Community Bank (3), Starrett Companies (2), Centennial Bank (2), JPMorgan Chase (2), Bank OZK (2), Guggenheim Partners (2), Helaba (2), Vornado Realty Trust (1), Deutsche Bank (1)

Top Ten Associated People:

Daniel M. Bagatta (2), David Goldban (2), Steven Borenstein (1), Mrinal Dansingani (1), Peter Castro (1), Robert Paley (1), David Wrobel (1), Adi Chugh (1), Matthew Stabel (1), Simon B. Burce (1)

Recent activity as signatory:

• Extell Development borrowed $417 million from JPMorgan Chase for 578 5 Avenue on March 20, 2026.

• Extell Development borrowed $57.7 million from Centennial Bank for 611 11 Avenue on February 05, 2026.

• Extell Development borrowed $21 million from M&T Bank for 217 East 85 Street on January 08, 2026.

• Extell Development borrowed $322.4 million from TYKO Capital for 31 East 60 Street on December 15, 2025.

• Extell Development borrowed $60 million from Deutsche Bank for 150 East 86th Street, 150 East 86th Street, and 155 East 85th Street, Carnegie Hill, Manhattan on July 11, 2025.

• Vornado Realty Trust ground leased 150 East 86th Street, 150 East 86th Street, and 155 East 85th Street, Carnegie Hill, Manhattan valued at $64 million to Extell Development on July 11, 2025.

• Extell Development borrowed $20 million from Cain International for 1524 First Avenue, 1524 First Avenue, 1524 First Avenue, 1524 First Avenue, 1524 First Avenue, and others, Yorkville, Manhattan on June 24, 2025.

• Sae-A Trading Co. sold 578 5 Avenue for $175 million to Extell Development on March 20, 2025.

• Extell Development borrowed $60 million from JPMorgan Chase for 578 5 Avenue on March 20, 2025.

• Extell Development sold 1659 1 Avenue for $50 million to Chess Builders on February 28, 2025.