Michael Savarese

(Michael A. Savarese)

Managing Director

Webster Bank

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Email: msavarese@websterbank.com

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Person Activity past 24 months:

Lender signatory: 9 for $229.8 million

Top Ten Associated Companies:

McSam Hotel Group (4), RYCO Capital (3), Icon Realty Management (3), Sunlight Development Group (1), (1), RWN Real Estate Partners (1), AB & Sons Group (1), Jacob Aini (1), Congregation and Yeshiva Machzikei Hadas (1), Barone Management (1)

Top Ten Associated People:

Sam Chang (4), James D. Ryan III (3), Terrence Lowenberg (3), Linzhong Zuo (1), Emanuel Westfried (1), Ari Shalam (1), Todd J. Cohen (1), Samir R. Gandhi (1), Jacob Aini (1), Eli Chetrit (1)

Recent activity as signatory:

• Icon Realty Management borrowed $18.5 million from Webster Bank for 320 West 14 Street on December 22, 2025.

• Icon Realty Management borrowed $7.1 million from Webster Bank for 610 East 9 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.

• McSam Hotel Group borrowed $48 million from Webster Bank for 143-16 135 Avenue on May 22, 2025.

• AB & Sons Group and Jacob Aini borrowed $20.3 million from Webster Bank for 315 West 35 Street on December 30, 2024.

• Maguire Capital Group on June 27, 2024 bought a loan with an original principal of $13.2 million from Webster Bank, signed by Michael Savarese, secured by 958 Madison Avenue, when owned by Yosef Soleymani and Joseph Soufer.

• RYCO Capital borrowed $78.7 million from Webster Bank for 37 Carmine Street on March 08, 2024.

• McSam Hotel Group borrowed $14 million from Webster Bank for 108-68 Roosevelt Avenue and 108-68 Roosevelt Avenue, None, Queens on February 22, 2024.