Michael Savarese
(Michael A. Savarese)
Managing Director
Webster Bank
Person Activity past 24 months:
Lender signatory: 11 for $221.6 million
Top Ten Associated Companies:
RYCO Capital (4), McSam Hotel Group (4), Icon Realty Management (3), Weinreb Management (1), Humberto Lopes (1), Sunlight Development Group (1), RWN Real Estate Partners (1), (1), Vista Group of Companies (1), AB & Sons Group (1)
Top Ten Associated People:
James D. Ryan III (4), Sam Chang (4), Terrence Lowenberg (3), Jacob M. Weinreb (1), Humberto Lopes (1), Linzhong Zuo (1), Ari Shalam (1), Emanuel Westfried (1), Ally Visram (1), Jacob Aini (1)
Recent activity as signatory:
• Vista Group of Companies borrowed $36.5 million from Webster Bank for 135-40 140 Street on April 30, 2026.
• Humberto Lopes borrowed $5.5 million from Webster Bank for Basis independent upper school on March 11, 2026.
• Weinreb Management borrowed $13.5 million from Webster Bank for 46 East 91 Street on February 12, 2026.
• Icon Realty Management borrowed $7.1 million from Webster Bank for 610 East 9 Street on December 22, 2025.
• Icon Realty Management borrowed $18.5 million from Webster Bank for 320 West 14 Street on December 22, 2025.
• Barone Management borrowed $14 million from Webster Bank for 108-68 Roosevelt Avenue and 108-68 Roosevelt Avenue, None, Queens on December 15, 2025.
• RYCO Capital borrowed $11.6 million from Webster Bank for 88 North 7 Street on September 26, 2025.
• RYCO Capital borrowed $17.6 million from Webster Bank for 135 Avenue A on September 12, 2025.
• RYCO Capital borrowed $29 million from Webster Bank for 219 Thompson Street on September 08, 2025.
• McSam Hotel Group borrowed $48 million from Webster Bank for 143-16 135 Avenue on May 22, 2025.
Latest Stories:
• Vista Group of Companies signs $36.5M refi for hotel in South Ozone Park (May 14, 2026)
• James Rogers-Gahan pays $9.2M to RYCO Capital for mixed-use in Greenwich Village (May 01, 2026)
• RYCO Capital signs $17.6M refi for 31-unit rental in East Village (November 12, 2025)
• McSam Hotel Group signs $48M construction loan for 351-key hotel near JFK (June 11, 2025)
• Dalavai Holdings pays $7M to Icon for 20-unit walkup in Hell’s Kitchen (May 05, 2025)
• Malaysian conglomerate MBf Holdings pays $15.6M for mixed-use in Lenox Hill (August 27, 2024)
• Maguire Capital buys $13.2M note secured by Madison Avenue retail (July 16, 2024)
• RYCO Capital pays $10.2M to L3 Capital for mixed-use in Williamsburg (June 03, 2024)