Cit Bank

Cit Bank portfolio

$43.9 million* – hotel 100%; Manhattan 100%, Bronx 0%

1036th largest portfolio by dollar value

143,731 sqft – hotel 100%;

1520th largest by SF

Top Ten Associated People:

Cailen Casey (1), Nicholas Silvers (1), Mark Caller (1), Joseph Sumberg (1), David Bistricer (1), Matthew Dicker (1), Drew Popkin (1), Walter P. Schmidt (1), Timothy Quinlan (1), Douglas F. Ray (1)

Recent activity as company:

Domain Companies and VOREA Group borrowed $176 million from Bank OZK for 420 Carroll Street, Gowanus, Brooklyn on July 12, 2022.

RJ Capital Holdings borrowed $53 million from Deutsche Bank for 107-02 Queens Boulevard, Forest Hills, Queens on March 28, 2022.

Extell Development borrowed $400 million from Bank OZK for 15 West 65th Street, 44 West 66th Street, 36 West 66th Street, 40 West 66th Street, and 38 West 66th Street, Lincoln Square, Manhattan on February 28, 2022.

Naftali Group borrowed $33.8 million from CIT Bank for 1481 2nd Avenue and 251 East 77th Street, Lenox Hill, Manhattan on January 12, 2022.

Tavros Holdings borrowed $25.4 million from CIT Bank for 239 Nevins Street, 320 Degraw Street, 251 Douglass Street, N/A Douglass Street, 229 Nevins Street, and others, Gowanus, Brooklyn on January 10, 2022.

Sitex Group borrowed $34.5 million from CIT Bank for 58-80 Borden Avenue, Maspeth, Queens on December 02, 2021.

Wildflower Ltd. borrowed $34.7 million from JPMorgan Chase for 1340 East Bay Avenue, Hunts Point, Bronx on November 10, 2021.

Wildflower Ltd. borrowed $12.1 million from CIT Bank for 1340 Lafayette Avenue, 749 Whittier Street, and 745 Whittier Street, Hunts Point, Bronx on July 14, 2021.

Seavest Properties borrowed $33.2 million from CIT Bank for 902 Quentin Road and 902 Quentin Road, Homecrest, Brooklyn on June 08, 2021.

Rockwood Capital sold 8 Stone Street, Financial District, Manhattan for $74.3 million to CIT Bank on June 08, 2021.

Latest Stories:

• SMA Equities signs $31.2M refi with Safra National Bank for five properties in Manhattan (January 27, 2025)

• Naftali signs $140M construction loan for 62-unit condo project in Lenox Hill (November 29, 2024)

• Quinlan Development signs $56M refi for newly built 140-unit rental in Clinton Hill (July 03, 2024)

• Extell Development signs $620M refi with JVP Management for condo tower project in Lincoln Square (July 03, 2024)

• $28.75M pre-foreclosure filed against Pelham Bay new development (October 02, 2023)

• Clipper Equity signs $20M loan for newly completed rental in Crown Heights (September 25, 2023)

• Tavros, Charney, Canyon sign $119.9M construction loan with MassMutual for 261-unit project in Gowanus (July 31, 2023)

• Canyon Partners buy stake valued at $30.5M in Tavros, Charney’s 261-unit project in Gowanus (July 27, 2023)

• Extell signs $150M construction loan with Bank OZK for 127-unit project in Lincoln Square (July 03, 2023)

• Anbau, Inc. pays $15.5M to Arun Bhatia for development in Flatiron District (December 27, 2022)

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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