Jeffrey Simpson

(Jeff Simpson)

Arch Companies

Developer, Owner

88 University Place, 11th Floor New York, NY 10003

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Arch Companies portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$43.5 million – elevator 68%, walkup 9%; Manhattan 68%, Brooklyn 16%

1023th largest portfolio by dollar value

367,345 sqft – mixed-use 64%, elevator 29%;

767th largest by SF

12 properties – Queens 41%, Brooklyn 33%

145th largest

216 residential units – Queens 61%, Manhattan 20%

584th largest by residential units

2 foreclosures, 0 bankruptcies, 7 other court cases.

Notes

Jeffrey Simpson is involved in an acrimonius, complex litigation over the collapse of Arch Companies. He is battling his former partner, Jared Chassen, and the equity investor, the Wiener family’s 35 Oak Holdings Ltd. of Canada.

Person Activity past 24 months:

Buyer signatory: 0 for $0

Seller signatory: 0 for $0

Borrower signatory: 0 for $0

Lender signatory: 0 for $0

Developer (new building or major alteration): 1 for 50,000 square feet

Top Ten Associated Companies:

Balthasar Capital Fund Management (3), AB Capstone (1), CIM Group (1), Valley National Bank (1), Madison Realty Capital (1), First Republic Bank (1)

Top Ten Associated People:

Denis Saklakov (3), Meir Babaev (1), David Thompson (1), Roland Cablayan (1)

Recent activity as signatory:

• Jeffrey Simpson filed plans for major alteration for 50,000 sqft in Carnegie Hill, Manhattan, on August 10, 2023.

• Balthasar Capital Fund Management sold 1351 Dekalb Avenue, 1355 Dekalb Avenue, and 1357 Dekalb Avenue, Bushwick, Brooklyn for $12.5 million to Arch Companies on September 27, 2022.

• Balthasar Capital Fund Management sold 1010 Bushwick Avenue, Bushwick, Brooklyn for $11.7 million to Arch Companies on September 27, 2022.

• Balthasar Capital Fund Management sold 431 Central Avenue, Bushwick, Brooklyn for $10 million to Arch Companies on September 27, 2022.

• Arch Companies borrowed $10.8 million from Valley National Bank for 1633 East 16th Street, Sheepshead Bay, Brooklyn on September 12, 2022.

• AB Capstone sold 1633 East 16th Street, Sheepshead Bay, Brooklyn for $22.3 million to Arch Companies on September 12, 2022.

• Arch Companies borrowed $48.4 million from CIM Group for 88 University Place, Greenwich Village, Manhattan on June 21, 2022.

• Arch Companies borrowed $7.2 million from First Republic Bank for 550 Metropolitan Avenue, Williamsburg, Brooklyn on October 22, 2021.

• Arch Companies borrowed $75 million from Madison Realty Capital for 54-31 Myrtle Avenue, 54-21 Myrtle Avenue, 3-36 St Nicholas Avenue, 3-50 St Nicholas Avenue, and 16-37 Woodbine Street, Ridgewood, Queens on March 01, 2021.

• Sela Group borrowed $63.2 million from Madison Realty Capital for 29 Ryerson Street, 39-35 27th Street, and 256 Flushing Avenue, Fort Greene, Brooklyn on January 29, 2021.