Douglas Higgs
(Doug Higgs)
Fannie Mae
Lender
Fannie Mae portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$1.8 million – walkup 100%; Bronx 100%, Manhattan 0%
5559th largest portfolio by dollar value
10,425 sqft – walkup 100%;
5154th largest by SF
10 residential units – Bronx 100%, Manhattan 0%
788th largest by residential units
40 foreclosures, 12 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 1 for $350 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Wolkoff Group (1)
Top Ten Associated People:
David Wolkoff (1)
Recent activity as signatory:
• Empire Managementand Gatsby Enterprisesand Keystone Management borrowed $15 million from Derby Copeland Capital for 244 West 72nd Street, Lincoln Square, Manhattan on August 05, 2024.
• Wolkoff Group borrowed $350 million from Fannie Mae for 22-44 Jackson Avenue, 22-44 Jackson Avenue, 22-44 Jackson Avenue, 22-44 Jackson Avenue, and 22-44 Jackson Avenue, Long Island City, Queens on February 22, 2024.
• Atlantic Development Group borrowed $11.8 million from JLL for 3121 Villa Avenue, Bedford Park, Bronx on September 23, 2022.
• 1311 Brightwater Avenue cooperative borrowed $20 million from National Cooperative Bank for 3131 Brighton 13thstreet and 1311 Brightwater Avenue, Brighton Beach, Brooklyn on September 16, 2022.
• Abraham Loffler borrowed $8.5 million from Wells Fargo for 169 16th Street, South Slope, Brooklyn on September 06, 2022.
• Prana Investments borrowed $6.2 million from Dime Community Bank for 830 West 177th Street, Washington Heights, Manhattan on June 21, 2022.
• Leser Group borrowed $47.9 million from Customers Bank for 2025 Seward Avenue, Castle Hill, Bronx on April 27, 2022.
• Morris Weinberg borrowed $11.1 million from JPMorgan Chase for 100 East 21st Street, Flatbush, Brooklyn on January 05, 2022.
• Cheskel Wieder borrowed $34.2 million from Greystone & Co. for 475 Driggs Avenue and 475 Driggs Avenue, Williamsburg, Brooklyn on November 09, 2021.
• Isaac Jacobowitz borrowed $20.1 million from Arbor Realty Trust for 342 ELDERT STREET, Bushwick, Brooklyn on November 18, 2020.