BCN Development

People:

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BCN Development portfolio

$7 million* – elevator 100%, V0 0%; Bronx 100%, Manhattan 0%

3223th largest portfolio by dollar value

59,365 sqft – elevator 100%, V0 0%;

2610th largest by SF

5 properties – Bronx 100%, Manhattan 0%

1660th largest

71 residential units – Bronx 100%, Manhattan 0%

1783th largest by residential units

3 foreclosures, 0 bankruptcies, 0 other court cases.

Top Ten Associated Companies:

Piermont Bank (2), Metropolitan Commercial Bank (1), 5 Arch Funding Corp. (1)

Top Ten Associated People:

Steve LaFredo (1)

Recent activity as company:

• BCN Development borrowed $8 million from Piermont Bank for 65 Buchanan Place, University Heights, Bronx on June 08, 2022.

• BCN Development borrowed $10.2 million from Metropolitan Commercial Bank for 2086 Valentine Avenue, 2088 Valentine Avenue, 2092 Valentine Avenue, and 2090 Valentine Avenue, Fordham, Bronx on August 10, 2021.

• BCN Development borrowed $8 million from Piermont Bank for Buchanan Place, University Heights, Bronx on May 04, 2020.

• BCN Development borrowed $8.9 million from 5 Arch Funding Corp. for 2086 Valentine Avenue, 2088 Valentine Avenue, 2090 Valentine Avenue, 2092 Valentine Avenue, Fordham, Bronx on September 17, 2019.

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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