Korman Communities

Korman Communities portfolio

$70.9 million* – hotel 100%; Manhattan 100%, Bronx 0%

743th largest portfolio by dollar value

424,244 sqft – hotel 100%;

706th largest by SF

3 properties – Manhattan 100%, Bronx 0%

2223th largest

322 residential units – Manhattan 100%, Bronx 0%

622th largest by residential units

Company Activity past 24 months:

Borrower company: 3 for $140.5 million

Top Ten Associated Companies:

Capital One (2), MF1 Capital (1)

Top Ten Associated People:

Stephen Klufas (2), Jonathan Pfeil (1)

Recent activity as company:

• Korman Communities borrowed $48 million from MF1 Capital for 330 East 56th Street, Sutton Place, Manhattan on May 03, 2023.

• Korman Communities borrowed $54.8 million from Capital One for 42 West 58th Street, Midtown West, Manhattan on April 19, 2023.

• Korman Communities borrowed $37.7 million from Capital One for 123 West 44th Street, Midtown West, Manhattan on April 19, 2023.

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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