Michael Mestel
Managing Director
Co-Head Of Real Estate Credit
Prospect Ridge
(ProspectRidge)
Lender
640 Fifth Ave, 8th FL New York, NY 10019
2 Embarcadero Center, Suite 480 San Francisco, CA 94111
320 Seven Springs Way, Ste 250 Brentwood, TN 37027
Prospect Ridge NYC portfolio
$190.3 million -development 64%, hotel 35%; Brooklyn 64%, Manhattan 35%*
1008th largest portfolio by dollar value
71,541 sqft – hotel 100%; Manhattan 100%
2912th largest by SF
2 properties – Manhattan 50%, Brooklyn 50%
3673th largest
143 residential units – Brooklyn 100%
1450th largest by residential units
Person Activity past 24 months:
Lender signatory: 1 for $60.5 million
Top Ten Associated Companies:
Jay Group (1), AB & Sons Group (1), Jacob Aini (1), Delshah Capital (1), Daten Group (1)
Top Ten Associated People:
Jacob Kohn (1), Jacob Aini (1), Eliahou Chetrit (1), Michael K. Shah (1), David Ennis (1)
Recent activity as signatory:
• Delshah Capital borrowed $60.5 million from Prospect Ridge for 458 Grand Street on June 15, 2026.
• Goose Property Management borrowed $166 million from Slate Property Group for 298 Bergen Street on April 25, 2025.
• Goose Property Management borrowed $108.5 million from Apollo Global Management for 581 Grand Street on March 21, 2025.
• Jay Group, AB & Sons Group and Jacob Aini borrowed $81.6 million from H.I.G. Capital for 621 West 152 Street on April 03, 2023.
• Howard Hershkovich borrowed $59.8 million from Dime Community Bank for 420 East 77 Street on February 24, 2023.
• Daten Group borrowed $46.9 million from H.I.G. Capital for 837 Atlantic Avenue on December 28, 2022.
Latest Stories:
• Delshah Capital pays $127.8M for 3 buildings, 140 units in Williamsburg (July 01, 2026)
• Daten Group signs $59M refi with JLL for 135-unit rental in Clinton Hill (January 23, 2026)
• Rabsky affiliate Goose Property signs $108.5M refi for new rental in Williamsburg (April 02, 2025)
• Yitzchok Katz files plans for 99 units in Boerum Hill (February 25, 2025)