Bankwell Bank

208 Elm St. New Canaan, CT 06840

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Bankwell Bank portfolio

$3 million – walkup 100%; Brooklyn 100%, Manhattan 0%

4662th largest portfolio by dollar value

15,953 sqft – walkup 100%;

4517th largest by SF

16 residential units – Brooklyn 100%, Manhattan 0%

782th largest by residential units

0 foreclosures, 1 bankruptcy, 0 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $9.7 million

Seller company: 0 for $0

Borrower company: 0 for $0

Lender company: 5 for $76.4 million

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Marx Development Group (1), Green Street Group (1), Ultimate Care (1), Leo Friedman (1), Samuel Gutman (1), Chaim Simkowitz (1), Maninder Sethi (1), Kavneet Sethi (1), Janusz Sendowski (1), City Urban Realty (1)

Top Ten Associated People:

David E. Marx (1), Derek Greenberg (1), Chaim Sholam Sternhill (1), Chaim Simkowitz (1), Kavneet Sethi (1), Janusz Sendowski (1), Michael Alvandi (1), Thomas Rosenberg (1), Peter Mannarino (1), Chaskel Babad (1)

Latest Stories:

• Marx Development signs non-binding MOU to sell Flushing nursing home for $75M (January 10, 2025)

• Lender Bankwell takes back 16-unit Williamsburg project through $9.7M bankruptcy sale (November 29, 2024)

• Leopold Friedman signs $18M refi for nursing home in Spuyten Duyvil (October 28, 2024)

• City Urban Realty pays $8.2M for mixed-use in Williamsburg (November 15, 2023)

• Janusz Sendowski signs $28.7M refi for rentals in Mott Haven, Greenwich Village (August 30, 2023)

• $15.7M Williamsburg bankruptcy at stalled 16-unit conversion (August 08, 2023)

• Bankrupt $14M LIC dev site sells, prior owner planned $39M condo (February 09, 2023)

• Marx Development Group signs $32M refi loan with Bankwell Bank for nursing home in Flushing (November 01, 2022)

• Nursing home investors pay $32M for two industrial properties in Williamsburg, get $32M loan (October 23, 2022)

• Green Street Group signs $17M refi with Bankwell Bank for 20-unit project in Greenwood Heights (September 19, 2022)

Litigation:

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Properties:

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