Melissa Perez
Ready Capital
(Waterfall Asset Management, ReadyCap Commercial, ReadyCap Lending, Ready Capital Structured Finance)
Lender
1251 Avenue of the Americas, 50th Floor. New York, NY 10020
Ready Capital NYC portfolio
$7 million* – retail 57%, condo 42%; Manhattan 100%, Bronx 0%
4641th largest portfolio by dollar value
28,139 sqft – retail 93%, condo 6%;
3705th largest by SF
2 properties – Manhattan 100%, Bronx 0%
3867th largest
3 foreclosures, 0 bankruptcies, 0 other court cases.
Person Activity past 24 months:
Lender signatory: 3 for $55.3 million
Top Ten Associated Companies:
Son Dinh Tran (1), Fereidoon Behin (1), Ladder Capital (1), EMP Capital Group (1), KPG Funds (1)
Top Ten Associated People:
Son Dinh Tran (1), Fereidoon Behin (1), David Traitel (1), Elichai Pariente (1), Gregory Kraut (1)
Recent activity as signatory:
• SOMA Group borrowed $0 from Midwest Financial for 34 West 28th Street, NoMad, Manhattan on September 11, 2024.
• Chung Ki Ng borrowed $0 from JTS Capital Group for 302 2nd Street, Gramercy, Manhattan on August 19, 2024.
• Fereidoon Behin borrowed $8.6 million from Ready Capital for 56-50 Myrtle Avenue, 56-52 Myrtle Avenue, 56-48 Myrtle Avenue, and 56-54 Myrtle Avenue, Ridgewood, Queens on January 22, 2024.
• Son Dinh Tran borrowed $37.7 million from Ready Capital for 841 7th Avenue, Midtown West, Manhattan on September 18, 2023.
• KPG Funds borrowed $9 million from Ready Capital for 102 Chambers Street, Tribeca, Manhattan on May 16, 2023.
• EMP Capital Group borrowed $14 million from Ready Capital for 149 Spring Street, SoHo, Manhattan on February 24, 2022.
• Cayuga Capital Management borrowed $14.6 million from Ladder Capital for 321 Starr Street, Bushwick, Brooklyn on February 14, 2022.
Latest Stories:
• Fereidoon Behin signs $8.6M refi for four properties in Ridgewood (January 23, 2024)
• Son Dinh Tran pays $36.5M to Cammeby’s for 54-unit rental in Midtown West (September 19, 2023)
• KPG Funds signs $9M refi with Ready Capital for retail in Tribeca (May 17, 2023)
• Greg Kraut’s KPG Funds pays $12M to Cape Advisors for retail condo in Tribeca (January 21, 2021)