IceCap Group

(Ice Lender Holdings)

Lender

Private Equity

31 W 34th St. 4th floor New York, NY 10001

People:

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IceCap Group portfolio

$130.9 million* – office 100%; Manhattan 100%, Bronx 0%

445th largest portfolio by dollar value

275,609 sqft – office 100%;

949th largest by SF

2 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Lender company: 19 for $137.2 million

Top Ten Associated Companies:

Joel Mittelman (5), Shimshon Grunstein (4), Hershy Silberstein (3), Yitzchok Salamon (2), Israel Chaim Hirsch (2), Chayim Rosenfeld (2), Solomon Schwimmer (1), CSC Coliving (1), Cheskel Schwimmer (1), Mendel Fleischman (1)

Top Ten Associated People:

Joel Mittelman (5), Hershy M. Silberstein (4), Shimshon Grunstein (2), Yitzchok Salamon (2), Chayim Rosenfeld (2), Ascher Berkowitz (2), Solomon Schwimmer (1), Alberto Smeke Saba (1), Salomon Smeke Saba (1), Mendel Fleischman (1)

Recent activity as company:

Joshua Rubenstein borrowed $10 million from IceCap Group for 4416 14th Avenue and 4414 14th Avenue, Borough Park, Brooklyn on January 27, 2025.

Yitzchok Salamon borrowed $8.6 million from IceCap Group for 544 East 171st Street, Morrisania, Bronx on January 02, 2025.

Kingsland Properties borrowed $5.5 million from Icecap Group for N/A Lafayette Avenue, N/A Lafayette Avenue, and N/A Lafayette Avenue, Bedford Stuyvesant, Brooklyn on December 23, 2024.

Shimshon Grunstein borrowed $5.8 million from IceCap Group for 3602 Holland Avenue, Williamsbridge, Bronx on December 13, 2024.

Shimshon Grunstein borrowed $5.8 million from IceCap Group for 3602 Holland Avenue, Williamsbridge, Bronx on December 13, 2024.

Shimshon Grunstein borrowed $12.7 million from Starwood Mortgage Capital for N/A Grand Avenue and 1694 Nelson Avenue, Fordham Manor, Bronx on November 26, 2024.

Solomon Schwimmer borrowed $5 million from IceCap Group for 679 Marcy Avenue, Bedford Stuyvesant, Brooklyn on November 06, 2024.

Chayim Rosenfeld and Hershy Silberstein borrowed $20 million from Starwood Mortgage Capital for 810 East 170th Street, East Morrisania, Bronx on October 23, 2024.

Aryeh Mendlowic borrowed $5.7 million from Bank of Princeton for 716 East 215th Street, Williamsbridge, Bronx on October 09, 2024.

• Israel Chaim Hirsch and Chayim Rosenfeld borrowed $8 million from IceCap Group for 22 Milford Street, East New York, Brooklyn on September 27, 2024.

Latest Stories:

• Joel, Leah Waldman obtain $27M refi with Citibank for 81-unit rental in Mt Hope (January 17, 2025)

• Shimshon Grunstein gets $5.8M refi with IceCap Group for 20-unit in Williamsbridge (December 16, 2024)

• Builders Group USA pays $4.2M to Pogostin family for dev site in Morrisania (December 04, 2024)

• Hirsch, Rosenfeld sign $8M refi loan with IceCap Group for 43-unit project in East New York (September 30, 2024)

• Joel Schwartz contracted to sell newly built Bed Stuy 6-unit to JG Funding, price not disclosed (June 27, 2024)

• Isreal Chaim Hirsch, Chayim Rosenfeld pay $5.75M for block-thru industrial in East New York (May 16, 2024)

• Skyward Developers signs $24M refi with Castle Lanterra for 81-unit rental in Mt Hope (April 10, 2024)

• Moses Rabinowitz plans 96 units at adjacent East New York conversion projects (January 25, 2024)

• Steven Westreich signs $7M refi loan with Lima One for 23-unit building in Kingsbridge Heights (November 29, 2023)

• Kingsland Properties pays $2.4M for dev site in Bedford Stuyvesant (November 07, 2023)

Court Records:

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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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