Peter Fine
Bolivar Development
Owner
Bolivar Development NYC portfolio
$231.1 million -elevator 47%, development 32%, specialty 20%; Bronx 67%, Manhattan 32%*
884th largest portfolio by dollar value
561,654 sqft – elevator 100%; Bronx 100%
762th largest by SF
11 properties – Bronx 92%, Manhattan 7%
922th largest
644 residential units – Bronx 100%
485th largest by residential units
0 foreclosures, 0 bankruptcies, 3 other court cases.
Person Activity past 24 months:
Seller signatory: 2 for $35.5 million
Borrower signatory: 4 for $164.6 million
Developer (new building or major alteration): 15 for 0 square feet
Top Ten Associated Companies:
JLL (13), Signature Bank (10), M&T Bank (8), NYC Housing Development Corporation (4), Valley National Bank (4), Camba (2), Customers Bank (2), East West Bank (1), Richard Pogostin (1), Sophia Bishkoff (1)
Top Ten Associated People:
Ruth Moreira (5), Joanne M. Oplustil (2), Kim Carson (1), Teresa Goerish (1), Sanford Lau (1), Richard Pogostin (1), Alyssa D. Berquam (1), Brian Tish (1), Sophia Bishkoff (1), S. Lawrence Davis (1)
Recent activity as signatory:
• Bolivar Development borrowed $31.8 million from JLL for 1430 Jesup Avenue on April 22, 2026.
• Bolivar Development borrowed $36 million from Customers Bank for 1450 Cromwell Avenue on February 20, 2026.
• Bolivar Development borrowed $52.8 million from Deutsche Bank for 1006 Westchester Avenue, 1008 Westchester Avenue, 1016 Fox Street, 1016 Fox Street, and 1016 Fox Street, Longwood, Bronx on June 06, 2025.
• Bolivar Development sold 370 Grand Concourse for $28.5 million to Shorewood Real Estate Group and Spencer An on December 12, 2024.
• Bolivar Development sold 3041 Webster Avenue for $7 million to ACMH on October 30, 2024.
• Atlantic Development Group borrowed $44 million from Customers Bank for 249 East 203 Street on September 27, 2024.
• Bolivar Development borrowed $56 million from East West Bank for None on March 28, 2024.
• Atlantic Development Group borrowed $12 million from Valley National Bank for 1325 Jerome Avenue, Mt Eden, Bronx on March 29, 2023.
• Atlantic Development Group and Seton Educational Partners borrowed $31.5 million from M&T Bank for 6 East Tremont Avenue on March 22, 2023.
• Atlantic Development Group borrowed $38.6 million from M&T Bank for 249 East 203 Street on February 22, 2023.
Latest Stories:
• Bogopa, Shorewood sign $28.5M refi with PCCP for 304-unit dev site in Mott Haven (March 10, 2026)
• Shorewood, Spencer An pay $28.5M for dev site in Mott Haven (December 31, 2024)
• Nonprofit ACMH pays $7M to Peter Fine for dev site in Norwood (November 13, 2024)
• Peter Fine signs $44M refi loan with Customers Bank for school in Bedford Park (October 14, 2024)
• Maddd Equities pays $22.6M for 333-unit dev site in Morris Heights (September 17, 2024)
• Atlantic Development signs $38.6M construction loan for school in Bedford Park (March 07, 2023)
• Atlantic Development files plans for 333-unit rental in Morris Heights (January 23, 2023)
Court Records:
