Katherine Furman
(Katherine D. Furman, Katherine Furman Pasik)
Island Capital Group
Lender
Island Capital Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$419.2 million – hotel 89%, elevator 10%; Manhattan 100%, Bronx 0%
150th largest portfolio by dollar value
1,637,825 sqft – hotel 90%, elevator 9%;
190th largest by SF
3 properties – Manhattan 100%, Bronx 0%
154th largest
116 residential units – Manhattan 100%, Bronx 0%
682th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 1 for $51.8 million
Seller signatory: 0 for $0
Borrower signatory: 2 for $194.5 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Host Hotels & Resorts (1), Hudson Bay Capital Management (1), Canoe Brook Development (1), McKettrick-Williams, Inc. (1), Emigrant Bank (1), DiamondRock Hospitality Company (1), HPS Investment Partners (1)
Top Ten Associated People:
Alexander R. Berger (1), Marshall B. Tycher (1), Eric Roseman (1), William J. Tennis (1)
Recent activity as signatory:
• Island Capital Group borrowed $39.5 million from Emigrant Bank for 35 West 21st Street, Flatiron District, Manhattan on June 13, 2024.
• Canoe Brook Developmentand McKettrick-Williams, Inc. sold 35 West 21st Street, Flatiron District, Manhattan for $51.8 million to Island Capital Group on June 13, 2024.
• Island Capital Group borrowed $155 million from Hudson Bay Capital Management for 511 Lexington Avenue, Midtown East, Manhattan on May 07, 2024.
• MCR Developmentand Island Capital Group borrowed $250 million from Host Hotels & Resorts for 811 7th Avenue, Midtown West, Manhattan on May 03, 2022.
• DiamondRock Hospitality Company sold 511 Lexington Avenue, Grand Central, Manhattan for $173.5 million to C-III Capital Partners on July 09, 2021.
• C-III Capital Partners borrowed $125 million from HPS Investment Partners for 511 Lexington Avenue, Grand Central, Manhattan on July 09, 2021.