First-Citizens Bank & Trust Company
(First Citizens Bank, CIT Bank)
Lender
Bank
11 W 42nd St New York, NY 10036
People:
First-Citizens Bank & Trust Company portfolio
$43.9 million – hotel 100%; Manhattan 100%, Bronx 0%
1018th largest portfolio by dollar value
143,731 sqft – hotel 100%;
1497th largest by SF
1 foreclosure, 0 bankruptcies, 0 other court cases.
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 0 for $0
Borrower company: 0 for $0
Lender company: 10 for $258.8 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
CBRE Investment Management (4), Spaxel (4), Highpoint Property Group (4), Atalaya Capital Management (3), Naftali Group (2), Quinlan Development Group (2), Goldman Sachs (2), Wildflower Ltd. (2), Tavros Holdings (1), SMA Equities (1)
Top Ten Associated People:
Granit Gjonbalaj (4), Drew Popkin (3), Timothy Quinlan (2), Cailen Casey (1), Nicholas Silvers (1), Mark Caller (1), Alf Naman (1), Joseph Sumberg (1), Jonathan G. Davis (1), Jamie R. Anthony (1)
Recent activity as signatory:
• United American Land borrowed $20.8 million from First-Citizens Bank & Trust Company for 136 Lawrence Street, 140 Lawrence Street, 146 Lawrence Street, 144 Lawrence Street, 56 Willoughby Street, and others, Downtown Brooklyn, Brooklyn on January 03, 2025.
• Alf Naman Real Estate borrowed $120 million from Marathon Asset Management for 738 Greenwich Street, West Village, Manhattan on December 26, 2024.
• Alf Naman Real Estate borrowed $24.6 million from Marathon Asset Management for 738 Greenwich Street, West Village, Manhattan on December 06, 2024.
• Highpoint Property Group borrowed $8 million from First-Citizens Bank & Trust Company for 243 East 7th Street, Alphabet City, Manhattan on December 06, 2024.
• Highpoint Property Group borrowed $7.3 million from First-Citizens Bank & Trust Company for 231 West 20th Street, Chelsea, Manhattan on December 05, 2024.
• Prospect Ridge borrowed $51 million from First-Citizens Bank & Trust Company for 232 West 29th Street, Chelsea, Manhattan on November 18, 2024.
• ZD Jasper Realty borrowed $35 million from JPMorgan Chase for 43-15 52nd Street, Sunnyside, Queens on September 11, 2024.
• Quinlan Development Group borrowed $56 million from QuadReal Property Group for 230 Classon Avenue, Clinton Hill, Brooklyn on July 02, 2024.
• Lonicera Partners borrowed $74 million from First-Citizens Bank & Trust Company for 308 Livingston Street, Boerum Hill, Brooklyn on May 15, 2024.
• Davis Companies borrowed $33.4 million from First-Citizens Bank & Trust Company for 1975 Madison Avenue, East Harlem, Manhattan on December 21, 2023.
Latest Stories:
• Alf Naman signs $24.6M refi for industrial in West Village (December 09, 2024)
• Naftali signs $140M construction loan for 62-unit condo project in Lenox Hill (November 29, 2024)
• Prospect Ridge pays $59.8M to KSL Capital, Hersha for hotel in Chelsea (November 18, 2024)
• ZD Jasper signs $35M refi with Chase for new 87-unit rental in Sunnyside (September 12, 2024)
• Triangle Equities ups debt to $85M for storage in South Ozone Park (July 26, 2024)
• Lonicera Partners signs $74M refi for 160-unit rental in Boerum Hill (May 16, 2024)
• $28.75M pre-foreclosure filed against Pelham Bay new development (October 02, 2023)
Litigation: