Richard Brancato
(Richard A. Brancato)
Coo
Rockrose Development
15 East 26th St 7th floor New York, NY 10010
Rockrose Development NYC portfolio
$4.6 billion -elevator 58%, office 10%, development 10%; Manhattan 40%, Queens 37%, Brooklyn 22%*
38th largest portfolio by dollar value
7,530,505 sqft – elevator 61%, D4 11%, condo 9%; Queens 39%, Manhattan 37%, Brooklyn 22%
45th largest by SF
37 properties – Brooklyn 60%, Queens 23%, Manhattan 15%
252th largest
7,525 residential units – Queens 43%, Manhattan 33%, Brooklyn 22%
28th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Borrower signatory: 6 for $572.6 million
Top Ten Associated Companies:
Wells Fargo (6), Equitable Financial Life Insurance Company (3), Landesbank Hessen-Thuringen Girozentrale (1), Deutsche Pfandbriefbank (1), MetLife (1), RGA Reinsurance Company (1)
Top Ten Associated People:
Christian Adrian (3), Michael Hofheinz (1), Frank S. Linneen (1), Daniel S. Wieman (1)
Recent activity as signatory:
• Rockrose Development borrowed $91 million from Wells Fargo for 182 Remsen Street on December 09, 2025.
• Rockrose Development borrowed $16 million from RGA Reinsurance Company for 43-33 21 Street on May 21, 2025.
• Rockrose Development borrowed $60 million from Equitable Financial Life Insurance Company for 517 West Street on April 23, 2025.
• Rockrose Development borrowed $51.2 million from Equitable Financial Life Insurance Company for None on April 09, 2025.
• Rockrose Development borrowed $249.4 million from Wells Fargo for 43-01 24 Street on November 01, 2024.
• Rockrose Development borrowed $105 million from Wells Fargo for 27-34 Jackson Avenue on August 15, 2024.
• Rockrose Development borrowed $293.1 million from Wells Fargo for 490 11 Avenue on December 08, 2023.
• Rockrose Development borrowed $138.7 million from Wells Fargo for 399 Chambers Street on February 17, 2023.
• Rockrose Development borrowed $240 million from Wells Fargo for 170 Ashland Place on May 04, 2022.
• Rockrose Development borrowed $210 million from MetLife for 47-04 5 Street on February 16, 2022.
Latest Stories:
• Rockrose signs $60M refi with Equitable for two rentals in West Village (May 07, 2025)
• Rockrose signs $51.2M modification with Equitable for office in Flatiron District (April 17, 2025)
• Rockrose signs $249.4M refi with Wells Fargo for 709-unit LIC rental (November 18, 2024)
• Rockrose pays $160M to St. Francis College for property in Brooklyn Heights (April 04, 2023)
• Rockrose ups debt by $98M to $138.7M at 340-unit rental in Battery Park City (March 08, 2023)
• St. Francis College signs $45M construction loan in Brooklyn Heights (January 31, 2022)