Community Preservation Corporation

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Community Preservation Corporation portfolio

$54.4 million* – elevator 88%, walkup 11%; Brooklyn 100%, Manhattan 0%

900th largest portfolio by dollar value

599,143 sqft – elevator 92%, walkup 7%;

533th largest by SF

7 properties – Brooklyn 100%, Manhattan 0%

1153th largest

564 residential units – Brooklyn 100%, Manhattan 0%

390th largest by residential units

4 foreclosures, 1 bankruptcy, 0 other court cases.

Company Activity past 24 months:

Lender company: 11 for $249.1 million

Top Ten Associated Companies:

MHANY Management (4), Stagg Group (2), SMJ Development (2), Bronx Pro Group (2), Yidel Kohn (2), Transitional Services for New York (1), Enterprise Community Partners (1), Walker & Dunlop (1), Elmcor (1), Urban Homesteading Assistance Board (1)

Top Ten Associated People:

Ismene Speliotis (3), Andrew Reicher (2), Mark Stagg (2), Yidel Kohn (2), Larry S. Grubler (1), Shanel Thomas (1), David Cleghorn (1), Michelle de la Uz (1), Jennifer Sanchez (1), Karim Hutson (1)

Recent activity as company:

• Black Spruce Management borrowed $91.2 million from Goldman Sachs for 80-08 135th Street, 81-10 135th Street, 515 St Marks Avenue, 1063 Pacific Street, 663 Classon Avenue, and others, Briarwood, Queens on December 09, 2024.

• Elmcor borrowed $10.8 million from NYC Department of Housing Preservation and Development for 104-10 Northern Boulevard, North Corona, Queens on November 26, 2024.

• Stagg Group borrowed $24.2 million from Berkadia Commercial Mortgage for 4435 White Plains Road, Wakefield, Bronx on November 08, 2024.

• SMJ Development borrowed $6.3 million from Community Preservation Corporation for 535 East 12th Street and 204 Avenue A, Alphabet City, Manhattan on September 26, 2024.

• Madison Realty Capital borrowed $0 from Peter Stern for 3052 Brighton 1st Street, Brighton Beach, Brooklyn on September 24, 2024.

• Metropolitan Realty Group borrowed $14.1 million from Greystone & Co. for 366 Pennsylvania Avenue, 378 Pennsylvania Avenue, 350 Pennsylvania Avenue, and 354 Pennsylvania Avenue, East New York, Brooklyn on September 13, 2024.

• RYCO Capital borrowed $128.2 million from Derby Copeland Capital for 156 2nd Avenue, 151 2nd Avenue, 145 2nd Avenue, 141 2nd Avenue, 131 2nd Avenue, and others, East Village, Manhattan on August 29, 2024.

• Project Renewal borrowed $11.8 million from Community Preservation Corporation for 351 West 42nd Street, Hell’s Kitchen, Manhattan on July 16, 2024.

• Denis Sahmanovik borrowed $5.5 million from Emerald Creek Capital for 12-22 Astoria Boulevard, Astoria, Queens on May 17, 2024.

• Maddd Equities and Joy Construction borrowed $12.7 million from Low Income Investment Fund and Community Preservation Corporation for 1184 River Avenue, 1164 River Avenue, 1164 River Avenue, 1184 River Avenue, 1164 River Avenue, and others, Concourse, Bronx on March 26, 2024.