Fannie Mae
People:
Fannie Mae portfolio
$1.8 million* – walkup 100%; Bronx 100%, Manhattan 0%
5597th largest portfolio by dollar value
10,425 sqft – walkup 100%;
5201th largest by SF
10 residential units – Bronx 100%, Manhattan 0%
4140th largest by residential units
40 foreclosures, 12 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 1 for $2 million
Lender company: 3 for $649.7 million
Top Ten Associated Companies:
R.A. Cohen & Associates (1), Avanath Capital Management (1), Isaac Dubov foreclosed (1), Pacific Urban Investors (1), Wolkoff Group (1), Related Companies (1), Joel Mittelman (1), Sidharth Lakhani (1), Two Trees Management (1)
Top Ten Associated People:
Harry Stephenson (1), Wesley Wilson (1), Isaac Dubov (1), Robert H. Kennis (1), Andrea Cu (1), David Wolkoff (1), Joel Mittelman (1), Sidharth Lakhani (1), Amish Patel (1)
Recent activity as company:
• Two Trees Management borrowed $243.7 million from Fannie Mae, NYS Housing Finance Agency and Wells Fargo for 325 Kent Avenue, 325 Kent Avenue, 325 Kent Avenue, 325 Kent Avenue, and 325 Kent Avenue, Williamsburg, Brooklyn on January 09, 2025.
• TF Cornerstone borrowed $204.9 million from M&T Bank for 46-10 Center Boulevard, Long Island City, Queens on December 10, 2024.
• Blue Communities borrowed $31.5 million from Morgan Stanley for N/A Beach 26th Street, 120 Beach 26th Street, 120 Beach 26th Street, 120 Beach 26th Street, 120 Beach 26th Street, and others, Far Rockaway, Queens on August 08, 2024.
• Empire Management, Gatsby Enterprises and Keystone Management borrowed $15 million from Derby Copeland Capital for 244 West 72nd Street, Lincoln Square, Manhattan on August 05, 2024.
• Wolkoff Group borrowed $350 million from Fannie Mae for 22-44 Jackson Avenue, 22-44 Jackson Avenue, 22-44 Jackson Avenue, 22-44 Jackson Avenue, and 22-44 Jackson Avenue, Long Island City, Queens on February 22, 2024.
• Louis Locicero borrowed $12.2 million from Citibank for 406 15th Street, South Slope, Brooklyn on November 30, 2023.
• Pacific Urban Investors borrowed $56 million from Fannie Mae for 125 West 14th Street, Chelsea, Manhattan on August 14, 2023.
• Isaac Dubov foreclosed sold 422 East 161st Street, Melrose, Bronx for $2 million to Fannie Mae on August 10, 2023.
• Thurcon Properties borrowed $22 million from Esquire Bank for 33 Gold Street, Financial District, Manhattan on August 07, 2023.
• Blackstone Group borrowed $352 million from Wells Fargo for 500 2nd Avenue, Kips Bay, Manhattan on August 03, 2023.
Latest Stories:
• $18.3M bankruptcy filed to block Fannie Mae-led foreclosure (November 04, 2024)
• Fannie Mae files $10.7M pre-foreclosure on 40-unit rental in Crown Heights (April 18, 2024)
• Wolkoff Group ups recorded debt by $50M with Fannie Mae in LIC (February 23, 2024)
Court Records:
Properties: