Radson Development

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Radson Development portfolio

$26.2 million – elevator 82%, development 11%; Queens 61%, Brooklyn 25%

1432th largest portfolio by dollar value

262,885 sqft – elevator 92%, specialty 7%;

962th largest by SF

8 properties – Bronx 37%, Brooklyn 25%

149th largest

568 residential units – Brooklyn 55%, Queens 44%

342th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 1 for $22.4 million

Seller company: 1 for $34.5 million

Borrower company: 1 for $147.9 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated People:

Ruth Moreira (1), Jonathan Seplowitz (1), Kyle Volluz (1), Carlos P. Naudon (1)

Latest Stories:

• Paceline Equity Partners signs $24.4M acquisition loan with Ponce Bank for LIC hotel (July 28, 2023)

• Paceline Equity pays $34.5M to Radson Development for LIC hotel (July 28, 2023)

• Radson Development pays $22.4M to Enclave Equities for 251-unit dev site in Wakefield (July 03, 2023)

• Radson Development signs $25M refi with Ponce Bank for LIC hotel (June 30, 2022)

• Radson Development borrows $65.7M from NYC for development in East New York (January 13, 2021)

• Radson Development borrows $107M from NYC Housing Development Corp. for new construction in Far Rockaway (January 08, 2020)

• Hp Cornaga Commons I Housing Dev. Fund Co., Inc. paid $6M to Abe Rosenthal LLC (August 08, 2019)

• Radroc LLC obtained financing of $7M from New York City Acquisition Fund LLC (August 08, 2019)

Litigation:

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Properties:

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