Stephen Bailey

(Steve Bailey)

Prudential Financial

Lender

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Prudential Financial NYC portfolio

$94.4 million* – office 100%; Manhattan 100%, Bronx 0%

1234th largest portfolio by dollar value

235,564 sqft – office 100%;

1058th largest by SF

Person Activity past 24 months:

Lender signatory: 3 for $172 million

Top Ten Associated Companies:

Carlyle Group (3), Sabharwal Properties (1)

Top Ten Associated People:

Jason Hart (2), Wonjoong Kim (1)

Recent activity as signatory:

Carlyle Group and Sabharwal Properties borrowed $71 million from Prudential Financial for 72 Caton Place, Windsor Terrace, Brooklyn on May 08, 2024.

Carlyle Group borrowed $83 million from Prudential Financial for 87-16 121st Street, 145 18th Street, 1690 East New York Avenue, and 651-659 Utica Avenue, Richmond Hill, Queens on April 30, 2024.

Carlyle Group borrowed $18 million from Prudential Financial for 72 Caton Place, Windsor Terrace, Brooklyn on April 01, 2024.

Latest Stories:

• Carlyle, Sabharwal Properties sign $71M refi with Prudential for storage in Windsor Terrace (May 09, 2024)

• Carlyle signs $83M acquisition loan with Prudential for storage in NYC (May 01, 2024)

• Carlyle buys storage building for $50.4M, last in 4-building, $110M deal (April 26, 2024)

• Carlyle pays $20M to Equity Resource, SNL for third of fourth purchase of storage portfolio (April 25, 2024)

• Carlyle Group pays $25.6M to Equity Resource, SNL for storage in Greenwood Heights (April 24, 2024)

• Carlyle Group pays $14.5M to Equity Resource, SNL for storage in East Flatbush (April 23, 2024)

• Carlyle Group signs $18M refi loan with Prudential for storage in Windsor Terrace (April 02, 2024)

• Safe N Lock Self Storage is fully permitted for construction of a 125K sf storage building in Richmond Hill (March 26, 2020)

• SNL Storage borrows $34M construction loan from Kayne Anderson Real Estate Advisors’s Saperean Capital for property in Richmond Hill (November 01, 2019)

• SNL Storage obtained financing of $23M from Saperean Capital III Originator (August 23, 2019)

*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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