Atlantic Development Group

Atlantic Development Group portfolio

$438.8 million* – elevator 73.0%, condo 23.0%; Bronx 57.0%, Manhattan 40.0%

150th largest portfolio by dollar value

5,825,986 sqft – elevator 82.0%, condo 14.0%;

50th largest by SF

72 properties – Bronx 77%, Manhattan 20%

132th largest

5,572 residential units – Bronx 81.0%, Manhattan 18.0%

31th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Borrower company: 4 for $126.1 million

Top Ten Associated Companies:

JLL (16), Signature Bank (9), M&T Bank (6), Valley National Bank (4), NYC Housing Development Corporation (4), New York City Housing Development Corporation (1), Boricua College (1), Daniel Frank (1), Doe Fund (1), New York City Housing Authority (1)

Top Ten Associated People:

Ruth Moreira (5), Kim Carson (1), Alyssa D. Berquam (1), Brian Tish (1), Richard Pogostin (1), Richard Cisternas (1), Ronald Guardin (1), Teresa Goerish (1), Glenn A. Opell (1)

Recent activity as company:

• Atlantic Development Group borrowed $44 million from Customers Bank for 263 East 203rd Street, Bedford Park, Bronx on October 11, 2024.

• Atlantic Development Group and Seton Educational Partners borrowed $31.5 million from M&T Bank for 1956 Jerome Avenue, Mt Hope, Bronx on April 10, 2023.

• Atlantic Development Group borrowed $12 million from Valley National Bank for 1325 Jerome Avenue, Mt Eden, Bronx on April 06, 2023.

• Atlantic Development Group borrowed $38.6 million from M&T Bank for 263 East 203rd Street, Bedford Park, Bronx on March 06, 2023.

• Atlantic Development Group for Peter Fine filed plans for new building for 285,216 sqft in Morris Heights, Bronx, on January 18, 2023.

• Atlantic Development Group for Peter Fine filed plans for new building for 96,758 sqft in Norwood, Bronx, on December 15, 2022.

• Atlantic Development Group borrowed $11.8 million from JLL for 3121 Villa Avenue, Bedford Park, Bronx on September 23, 2022.

• Atlantic Development Group sold 890 Washington Avenue, Morrisania, Bronx for $7.1 million to Boricua College on April 26, 2022.

• Atlantic Development Group and Zeta Charter Schools borrowed $54.6 million from M&T Bank for 400 West 219th Street, Inwood, Manhattan on April 20, 2022.

• Atlantic Development Group borrowed $15.4 million from Signature Bank for 3213 3rd Avenue, 3213 3rd Avenue, and 3213 3rd Avenue, Morrisania, Bronx on April 06, 2022.