Help Usa

People:

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Help Usa portfolio

$34.5 million* – elevator 58.0%, condo 27.0%; Manhattan 47.0%, Bronx 47.0%

1222th largest portfolio by dollar value

369,435 sqft – elevator 46%, D7 20%;

779th largest by SF

10 properties – Bronx 50%, Brooklyn 40%

846th largest

393 residential units – Bronx 46%, Brooklyn 29%

530th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $17 million

Borrower company: 4 for $208.3 million

Top Ten Associated Companies:

Bank of New York Mellon (3), Community Preservation Corporation (1), TD Bank (1), 1298 Inwood Avenue Contract-Backed Pass-Through Trust (1), Abraham Podolok (1), CPC Mortgage Company (1), NYC Department of Housing Preservation and Development (1), Neighborhood Restore HDFC (1), Sterling National Bank (1), NYC Housing Development Corporation (1)

Top Ten Associated People:

Abraham Podolok (1), Salvatore D’Avola (1)

Recent activity as company:

HELP USA borrowed $21.7 million from Bank of New York Mellon for N/A Hinsdale Street, East New York, Brooklyn on July 09, 2024.

HELP USA borrowed $22.6 million from Bank of New York Mellon for N/A Hinsdale Street, East New York, Brooklyn on June 18, 2024.

HELP USA borrowed $141.3 million from 1298 Inwood Avenue Contract-Backed Pass-Through Trust for 1298 Inwood Avenue, Mt Eden, Bronx on September 21, 2023.

Abraham Podolok sold 1298 Inwood Avenue, Mt Eden, Bronx for $17 million to HELP USA on September 21, 2023.

HELP USA for David Cleghorn filed plans for new building for 61,922 sqft in Brooklyn, on August 24, 2023.

HELP USA borrowed $22.7 million from TD Bank for N/A Prospect Place, None, Brooklyn on June 12, 2023.

HELP USA borrowed $11.1 million from Community Preservation Corporation for 771-775 Crotona Park North and 771-775 Crotona Park North, East Morrisania, Bronx on July 19, 2022.

HELP USA borrowed $73.4 million from NYC Housing Development Corporation for 273 Snediker Avenue, East New York, Brooklyn on February 04, 2022.

HELP USA borrowed $18.8 million from Bank of New York Mellon for 282 Hinsdale Street, East New York, Brooklyn on January 21, 2022.

HELP USA borrowed $51.9 million from NYC Department of Housing Preservation and Development for 1058 Teller Avenue, 3034 Holland Avenue, 3042 Holland Avenue, 3046 Holland Avenue, and 1233 White Plains Road, Longwood Melrose, Bronx on July 29, 2021.

Latest Stories:

• HELP USA pays $17M for 195-unit shelter in Mt Eden (September 22, 2023)

• HELP USA files plans for 51-unit project in East New York (September 06, 2023)

• Court Square Real Estate files plans for 195-unit homeless shelter in Mt. Eden (October 14, 2022)

• HELP USA signs $73.4M construction loan for 184-unit development in East New York (February 07, 2022)

• HELP USA signs $51.9M construction loan with the city for Bronx rentals (July 30, 2021)

• HELP USA obtains $27.4M construction loan from Sterling National for 72-unit project in Morrisania (November 10, 2020)

• Help USA fully permitted for 72-unit affordable building in Morrisania (September 21, 2020)

• Neighborhood Restore files plans for $4.1M in rehabs of two Bronx resi buildings (September 16, 2020)

• City files plans for 184-unit affordable rental in Brownsville (August 19, 2020)

• New York City Department of Housing Preservation and Development files plans for a 71-unit, 40K sf residential building in Brooklyn (May 01, 2020)

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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