Sioni Group signs $105M refi with Valley for property in Belmont

Sioni Group through the entity The Arabella Owner LLC as borrower signed a refi loan with lender Valley National Bank valued at $105 million for three commercial condominiums that make up the property at 4720 3rd Avenue in Belmont, the Bronx.
The deal closed on April 21, 2026 and was recorded on May 4, 2026. The prior lender was Starwood Property Trust which held debt that had an original loan amount of $76.9 million.
The signatory for Sioni Group was Payman Yadidi . The signatory for Valley National Bank was Oren Sapirstein .

The property

Valley National Bank on April 21, 2026 bought a loan with an original principal of $76.9 million from Starwood Property Trust signed by Joseph Rothenberg , secured by 4720 3rd Avenue, when owned by Sioni Group .

Transaction Participants

Rhona J. Kisch at Seward & Kissel LLP participated in the transaction on behalf of the lender.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On the tax block of 4720 3rd Avenue, PincusCo has identified the owners of three of the two commercial properties. The identified owner is Payman Yadidi.
On the tax block, there was one new building construction project filed totaling 191,550 square feet. It is a 160-unit, 191,550 square-foot residential (R-2) building submitted by Vertical Community Development and filed by Peter Serpico with plans filed March 1, 2019 and permitted December 9, 2021.

The majority, or 100 percent of the 9,105 square feet of built space are specialty buildings, with development buildings next occupying 0 percent of the space.

The borrower

The PincusCo database currently indicates that Sioni Group owned at least 13 commercial properties with 300 residential units in New York City with 765,111 square feet and a PincusCo-determined asset value of $729.2 million. The portfolio has $420.2 million in debt, with top three lenders as Kennedy Wilson, Crum & Forster, and OdysseyRe respectively. Within the portfolio, all identified are office properties.

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