CB Developers

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CB Developers portfolio

$190.7 million* – condo 72%, elevator 11%; Manhattan 84%, Brooklyn 15%

320th largest portfolio by dollar value

573,287 sqft – condo 75%, elevator 10%;

551th largest by SF

14 properties – Manhattan 64%, Brooklyn 35%

617th largest

350 residential units – Manhattan 100%, Bronx 0%

586th largest by residential units

Company Activity past 24 months:

Seller company: 1 for $2.7 million

Borrower company: 3 for $135.7 million

Top Ten Associated Companies:

JPMorgan Chase (2), Bank of America (2), Citibank (2), G4 Capital Partners (1), Adam Ibrahim (1), Webster Bank (1), Rebecca Chaiklin (1), Goldman Sachs (1), Sterling National Bank (1), Metropolitan Commercial Bank (1)

Top Ten Associated People:

Jennifer R. Lewin (2), Jose Garcia (1), Jason Behfarin (1), Adam Ibrahim (1), Jessica Fritts (1), Paul Suk (1), Christopher Harris (1), Jon Tilli (1), Jonathan Misher (1)

Recent activity as company:

• CB Developers and SK Development borrowed $76 million from JPMorgan Chase and Citibank for 247 Metropolitan Avenue, 247 Metropolitan Avenue, 247 Metropolitan Avenue, and 247 Metropolitan Avenue, Williamsburg, Brooklyn on January 16, 2025.

• CB Developers borrowed $11.4 million from Webster Bank for 48 West 14th Street, Greenwich Village, Manhattan on March 15, 2024.

• CB Developers borrowed $48.3 million from Bank of America for 450 West 14th Street and 450 West 14th Street, Meatpacking District, Manhattan on December 21, 2023.

• CB Developers sold 208 East 14th Street, None, Manhattan for $2.7 million to Adam Ibrahim on July 21, 2023.

• SK Development, CB Developers and Madison Realty Capital borrowed $38 million from G4 Capital Partners for 182/186 Spring Street, SoHo, Manhattan on September 28, 2022.

• CBSK Ironstate, Ironstate Development, SK Development and CB Developers borrowed $166.2 million from Deutsche Bank for 547 West 47th Street, Hell’s Kitchen, Manhattan on August 29, 2022.

• CB Developers, SK Development, Ironstate Development and CBSK Ironstate borrowed $70 million from Bank of America for 358 Bowery, NoHo, Manhattan on February 25, 2022.

• SK Development and CB Developers borrowed $45.6 million from JPMorgan Chase for 831 Greenwich Street, West Village, Manhattan on February 02, 2022.

• CB Developers borrowed $5.4 million from Metropolitan Commercial Bank for 247 Metropolitan Avenue, Williamsburg, Brooklyn on October 13, 2021.

• CB Developers borrowed $30.2 million from Citibank for 58 West 14th Street, 18 East 14th Street, 20 East 14th Street, and 17 East 13th Street, West Village, Manhattan on June 21, 2021.