Merchants Bank of Indiana

410 Monon Blvd 4TH FLOOR Carmel, IN 46032

7900 International Dr Suite #710 Bloomington, MN 55425

People:

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Company Activity past 24 months:

Lender company: 11 for $355.4 million

Top Ten Associated Companies:

Camber Property Group (8), Arker Companies (7), Omni New York (4), Doe Fund (2), Melaim Bauta (2), West Harlem Group Assistance (2), Gilbane Development (1), Aquinas Housing Corporation (1), WellLife Network (1), Barrier Free Living (1)

Top Ten Associated People:

Daniel Moritz (7), Rick Gropper (6), Robert Bennett (3), John McDonald (2), Melaim Bauta (2), Matthew P. Lawrence (1), Steven Seltzer (1), Sherry Tucker (1), Eugene Schneur (1), Eric Anderson (1)

Recent activity as company:

Doe Fund borrowed $12.1 million from Merchants Bank of Indiana for 223 East 117th Street, East Harlem, Manhattan on January 06, 2025.

Camber Property Group borrowed $19.6 million from Merchants Bank of Indiana for 1971 Grand Avenue and 1975 Grand Avenue, Morris Heights, Bronx on November 07, 2024.

Camber Property Group borrowed $12.9 million from Merchants Bank of Indiana for 2071 Madison Avenue and 47 East 130th Street, East Harlem, Manhattan on November 07, 2024.

Camber Property Group borrowed $63.5 million from Merchants Bank of Indiana for 2060 Pitkin Avenue, East New York, Brooklyn on November 07, 2024.

Camber Property Group borrowed $96.3 million from Merchants Capital for 579 Blake Avenue, 592 Sutter Avenue, 330 Sheffield Avenue, and 350 Sheffield Avenue, East New York, Brooklyn on October 10, 2024.

Camber Property Group and Harlem Congregations For Community Improvement borrowed $58.5 million from Merchants Bank of Indiana for 1131 Ogden Avenue, Highbridge, Bronx on October 10, 2024.

West Harlem Group Assistance borrowed $63.3 million from Merchants Bank of Indiana for 513 West 145th Street, 102-104 West 142nd Street, 1528 Amsterdam Avenue, 1652 Amsterdam Avenue, 117 West 129th Street, and others, Harlem, Manhattan on July 16, 2024.

Melaim Bauta borrowed $8.4 million from Merchants Bank of Indiana for 541 West 49th Street, Hell’s Kitchen, Manhattan on March 27, 2024.

Urban Pathways borrowed $33.6 million from Merchants Bank of Indiana and NYS Homeless Housing And Assistance Corporation for 695 East 170th Street and 1405 Boston Road, Morrisania, Bronx on March 13, 2024.

Arker Companies borrowed $12.6 million from Merchants Bank of Indiana for 1434 Ogden Avenue and 228-238 Nagle Avenue, Highbridge, Bronx on January 31, 2024.

Latest Stories:

• $19M bankruptcy filed at Aview Equities nearly vacant Midtown West apartment building (December 16, 2024)

• Camber Property signs $96.3M refi with Merchants Capital for four properties in East New York (October 11, 2024)

• WHGA signs $63.3M rehab loan with Merchants Bank of Indiana for 27 properties in Harlem (July 17, 2024)

• Gilbane with Tredway, ELH Mgmt., Brookfield, file plans for 250-unit senior rental in Coney Island (July 01, 2024)

• Barrier Free Living signs $45.3M construction loan for development in Alphabet City (January 17, 2024)

• Tredway, Gilbane Development, ELH Mgmt. pay Arker, Related $150M (June 14, 2023)

• Melaim Bauta pays $9.5M to Gerald Leibman for 66-unit walkup in Hell’s Kitchen (September 30, 2022)

• Shiya Labin pays $24M to New Start Development for residential elevator in Crown Heights (August 29, 2022)

• Geel Community signs $38.5M construction loan with Merchants Bank for 116-unit project in Norwood (July 05, 2022)

• Arker Companies pays $45M to Mallory Management for 153-unit rental in Far Rockaway (April 26, 2022)

Court Records:

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