VOREA Group
People:
VOREA Group portfolio
$34.3 million* – development 32%, industrial 29%; Queens 81%, Brooklyn 18%
1227th largest portfolio by dollar value
315,913 sqft – industrial 32%, development 30%;
874th largest by SF
10 properties – Queens 60%, Brooklyn 40%
847th largest
903 residential units – Queens 60%, Brooklyn 39%
259th largest by residential units
Company Activity past 24 months:
Borrower company: 2 for $14.1 million
Top Ten Associated Companies:
ACRES Capital (2), Fortress Storage (2), Wells Fargo (1), Bank OZK (1), Lisa Levy (1), Coren family (1), U.S. Bank (1), 360 Capital Funding (1), RRA Capital (1), Signature Bank (1)
Top Ten Associated People:
David N. Brooks (1), Lawrence T. Dolin (1), Ladd Thorne (1), Ladd M. Thorne (1), Jaclyn Jesberger (1), Ursula Flores (1)
Recent activity as company:
• VOREA Group borrowed $6.6 million from JPMorgan Chase for 34-57 82nd Street, Jackson Heights, Queens on November 18, 2024.
• Vorea Group borrowed $7.5 million from RRA Capital for 44-01 11th Street, Long Island City, Queens on August 08, 2024.
• VOREA Group borrowed $23.5 million from 360 Capital Funding for 10-04 Borden Avenue, Long Island City, Queens on January 17, 2023.
• VOREA Group sold 5-36 50th Avenue, Long Island City, Queens for $11.4 million to Lisa Levy and Coren family on September 26, 2022.
• Domain Companies and Vorea Group borrowed $15 million from U.S. Bank for 560 Degraw Street, 540 Degraw Street, and 553 Sackett Street, Gowanus, Brooklyn on September 14, 2022.
• Lawrence T. Dolin sold 5-36 50th Avenue, Long Island City, Queens for $4.7 million to Vorea Group on August 26, 2022.
• Domain Companies and VOREA Group borrowed $176 million from Bank OZK for 420 Carroll Street, Gowanus, Brooklyn on July 12, 2022.
• VOREA Group borrowed $5 million from Signature Bank for 11-20 43rd Road, Long Island City, Queens on April 22, 2022.
• Vorea Group borrowed $24.1 million from ACRES Capital for 23-20 Jackson Avenue, Long Island City, Queens on March 18, 2022.
• Vorea Group borrowed $220 million from Wells Fargo for 2-33 50th Avenue, Long Island City, Queens on January 07, 2022.
Latest Stories:
• VOREA Group sells 99% stake in LIC industrial for $11.4M (September 27, 2022)
• Vorea Group pays $4.7M for dev site industrial in Long Island City (August 29, 2022)
• Vorea Group signs $24.1M loan with ACRES for hotel in Long Island City (March 21, 2022)
• VOREA, Domain, L+M pay $88.5M to Fortress Storage for dev site in LIC (October 04, 2021)
• Vorea Group signs contract with storage company in LIC, pays $2M deposit (October 12, 2020)
Properties: