Michael Hofheinz
Managing Director
Managing Director – Head Of Real Estate Capital Markets And Syndications
MetLife
(MetLife Investment Management)
Lender
1 MetLife Wy, Whippany, NJ 07981
MetLife NYC portfolio
$93.3 million -condo 38%, office 32%, elevator 29%; Brooklyn 67%, Manhattan 32%*
1559th largest portfolio by dollar value
231,872 sqft – office 62%, condo 18%, elevator 18%; Manhattan 62%, Brooklyn 37%
1409th largest by SF
3 properties – Brooklyn 75%, Manhattan 25%
2731th largest
78 residential units – Brooklyn 100%
2058th largest by residential units
4 foreclosures, 0 bankruptcies, 33 other court cases.
Top Ten Associated Companies:
Rockrose Development (1), HUBB NYC (1), Strategic Hotels & Resorts (1), Rose Associates (1), Midwood Investment & Development (1)
Top Ten Associated People:
Richard A. Brancato (1), John P. McCarthy (1), Steve Dluzyn (1), Gregory Brenner (1), Amy Rose Silverman (1), John Usdan (1)
Recent activity as signatory:
• Feil Organization and Malkin Holdings borrowed $120 million from Signature Bank for 551 5 Avenue on November 01, 2022.
• Strategic Hotels & Resorts borrowed $97.8 million from Goldman Sachs for 160 Central Park South and 160 Central Park South, Midtown West, Manhattan on August 12, 2022.
• Midwood Investment & Development borrowed $63.5 million from MetLife for 60 7 Avenue on May 10, 2022.
• Rose Associates borrowed $70 million from MetLife for 23 West Street on March 30, 2022.
• HUBB NYC borrowed $61 million from MetLife for 246 North 8 Street on March 10, 2022.
• Rockrose Development borrowed $210 million from MetLife for 47-04 5 Street on February 16, 2022.
• L.H. Charney Associates borrowed $241 million from Deutsche Bank for 577 7 Avenue on August 13, 2021.
• Waterman Interests borrowed $198.6 million from Wells Fargo for 127 West 55 Street on March 10, 2021.
• Strategic Hotels & Resorts borrowed $75 million from MetLife for 160 Central Park South and 160 Central Park South, Central Park South, Manhattan on December 29, 2020.
Latest Stories:
• Strategic Hotels signs $97.75M refi for Essex Hotel in Midtown West (October 21, 2024)
• Midwood Investment pays $102M to BlackRock for residential elevator in West Village (May 23, 2022)
• Rose Associates signs $70M refi for 293-unit elevator rental in FiDi (April 05, 2022)
• HUBB NYC pays $116.2M to Greystar for two rentals in Williamsburg (January 03, 2022)
• L.H. Charney signs $241M refi with Deutsche Bank for 10 Times Square (September 14, 2021)
• JPMorgan, Waterman borrow $199M from Wells Fargo for office tower in Midtown West (March 22, 2021)
