Adam Singer
Rialto Management Group
(Rialto Capital Management, Rialto Capital Advisors, Rialto Capital)
Lender
Rialto Management Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$107.9 million – office 67%, hotel 21%; Manhattan 98%, Brooklyn 1%
513th largest portfolio by dollar value
197,906 sqft – office 57%, hotel 33%;
1199th largest by SF
7 properties – Manhattan 85%, Brooklyn 14%
150th largest
8 residential units – Brooklyn 100%, Manhattan 0%
790th largest by residential units
52 foreclosures, 0 bankruptcies, 17 other court cases.
Person Activity past 24 months:
Buyer signatory: 1 for $23 million
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Top Ten Associated People:
Recent activity as signatory:
• Vipul Pateland Jai Pateland Krishna Mehtaand Chandra Mehtaand Jagruti Patel borrowed $5.5 million from New Millennium Bank for 139-09 Archer Avenue, Jamaica, Queens on October 31, 2024.
• Aurora Capital Associates borrowed $8.8 million from Israel Discount Bank for 543 Broadway, SoHo, Manhattan on October 15, 2024.
• First Atlantic Capital borrowed $0 from 7G Realty for 123 Lafayette Street, Little Italy, Manhattan on July 26, 2024.
• Benchmark Real Estate Group borrowed $20 million from Starwood Property Trust for 43 White Street, Tribeca, Manhattan on July 11, 2024.
• Shashin S. Gandhi borrowed $14.2 million from Series 2019-C17 for 442 West 36th Street, Hudson Yards, Manhattan on June 26, 2024.
• Madison International Realty sold 94 Court Street, Brooklyn Heights, Brooklyn for $23 million to RSS UBSBB2013-C6-NY MCS LLC on October 30, 2023.
• Greenbrook Partners borrowed $7.7 million from Signature Bank for 225 13th Street, South Slope, Brooklyn on November 10, 2022.
• Pouya Toobian borrowed $0 from Starwood Capital Group for 15 Wilson Avenue and 140 Wilson Avenue, Bushwick, Brooklyn on December 07, 2021.
• Gindi Capital borrowed $8.5 million from Israel Discount Bank for 350 East Fordham Road and 2511 Marion Avenue, Fordham, Bronx on May 27, 2021.
• Shulamit Prager borrowed $16.9 million from Bethpage Federal Credit Union for 207 West 75th Street, the Upper West Side, Manhattan on December 30, 2020.
Latest Stories:
• Vipul Patel, partners sign $5.5M refi for hotel in Jamaica November 01, 2024
• Note buyer files $14.9M pre-foreclosure at Little Italy office August 21, 2024
• Benchmark signs $20M refi with Starwood for 17-unit rental in Tribeca July 12, 2024
• Shashin Gandhi pays $18.2M for hotel in Hudson Yards June 27, 2024
• Stephen Green sells 25-unit Park Slope rental to Greenbrook Partners for $8.5M March 03, 2021
• Shulamit Prager borrows $16.9M from Bethpage Federal for 6-unit UWS building December 31, 2020
• Ae Sook Choi obtained financing of $14M from Ladder Capital Finance September 09, 2019