Simon Burce

(Simon B. Burce)

Executive Director

JPMorgan Chase

JPMorgan Chase NYC portfolio

$3 billion* – office 99%; Manhattan 99%

54th largest portfolio by dollar value

3,911,031 sqft – office 99%;

70th largest by SF

6 properties – Manhattan 83%, Brooklyn 16%

1327th largest

6 residential units – Brooklyn 100%

4929th largest by residential units

27 foreclosures, 0 bankruptcies, 5 other court cases.

Person Activity past 24 months:

Lender signatory: 3 for $445 million

Top Ten Associated Companies:

citizenM hotels (2), Innovo Property Group (1), Nan Fung Group (1), Atalaya Capital Management (1), Brookfield Properties (1), CIM Group (1), Extell Development (1), DH Property Holdings (1), Alchemy Properties (1), Naftali Group (1)

Top Ten Associated People:

Ryan Bathie (1), Jason Kirschner (1), Nicholas V. Morosoff (1), David Thompson (1), Marc Kwestel (1), Sean Zasche (1), Stefania Salles Bruins (1), Kenneth S. Horn (1), Frank Sangers (1), Michael Naftali (1)

Recent activity as signatory:

• Extell Development borrowed $60 million from JPMorgan Chase for 576 5th Avenue and 15 West 46th Street, Midtown West, Manhattan on March 20, 2025.

• Clipper Equity borrowed $330 million from JPMorgan Chase for 77 Commercial Street, Greenpoint, Brooklyn on May 10, 2024.

• Naftali Group borrowed $55 million from JPMorgan Chase for 251 -255th East 77th Street, Lenox Hill, Manhattan on December 04, 2023.

• Elad Group borrowed $88.9 million from G4 Capital Partners for 46 Lafayette Street, 50 Lafayette Street, 108 Leonard Street, 108 Leonard Street, 108 Leonard Street, and others, Civic Center, Manhattan on May 23, 2023.

• Wolkoff Group borrowed $48.6 million from M&T Bank for 22-34 Jackson Avenue, Long Island City, Queens on November 30, 2022.

• Chetrit Group borrowed $120.5 million from Mack Real Estate Group for 250 West 43rd Street, Times Square, Manhattan on August 01, 2022.

• Innovo Property Group, Nan Fung Group and Atalaya Capital Management borrowed $304.6 million from JPMorgan Chase for 23-30 Borden Avenue, Long Island City, Queens on July 22, 2022.

• OKO Group borrowed $508.5 million from JPMorgan Chase for 730 Fifth Avenue, 730 Fifth Avenue, 730 Fifth Avenue, 730 Fifth Avenue, 730 Fifth Avenue, and others, Midtown West, Manhattan on June 10, 2022.

• Zeckendorf Development borrowed $136.6 million from JPMorgan Chase for 155 East 86th Street, 147 East 86th Street, and 155 East 86th Street, Carnegie Hill, Manhattan on March 09, 2022.

• Alchemy Properties borrowed $230 million from JPMorgan Chase for 378 West End Avenue, 378 West End Avenue, 378 West End Avenue, 378 West End Avenue, 378 West End Avenue, and others, Upper West Side, Manhattan on February 16, 2022.