Rialto Capital

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Rialto Capital portfolio

$4.8 million* – condo 100%; Manhattan 100%, Bronx 0%

3865th largest portfolio by dollar value

6,730 sqft – condo 100%;

5868th largest by SF

2 properties – Manhattan 100%, Bronx 0%

3522th largest

11 foreclosures, 0 bankruptcies, 11 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $18.4 million

Top Ten Associated Companies:

Marx Development Group (1), Thor Equities (1), Elliot Horowitz (1), Clark Investment Group (1), Stephen L. Clark (1)

Top Ten Associated People:

Stephen L. Clark (2), David Marx (1), Roberta Ashkin (1)

Recent activity as company:

• PH Realty Capital borrowed $17.3 million from LMF Commercial for 114 East 71st Street, Lenox Hill, Manhattan on February 27, 2024.

• Thor Equities sold 115 Mercer Street and 115 Mercer Street, SoHo, Manhattan for $18.4 million to Rialto Capital on April 10, 2023.

• Marx Development Group borrowed $195 million from Rialto Capital for 461-469 West 34th Street, Hudson Yards, Manhattan on May 12, 2022.

• Elliot Horowitz borrowed $0 from Rialto Capital for 839-847 Broadway, Bushwick, Brooklyn on April 14, 2022.

• Clark Investment Group borrowed $18.8 million from Rialto Capital for 1320 Zerega Avenue, Westchester Square, Bronx on December 16, 2021.

• Stephen L. Clark borrowed $27.4 million from Rialto Capital for 2727 Knapp Street, Sheepshead Bay, Brooklyn on December 02, 2021.

Latest Stories:

• Servicer ends $180M pre-foreclosure at RFR’s 17 State in FiDi (January 15, 2025)

• Courts roundup: $71M in 3 pre-foreclosures at Namdar, Madison Realty Capital, Yoel Goldman assets (January 13, 2025)

• Rialto takes control of Distrikt Hotel in Garment District following $40M foreclosure (December 31, 2024)

• RFR hit with 6th pre-foreclosure in 2024, this for $180M in FiDi (December 05, 2024)

• Watermark Capital, Maguire sign two loans totaling $65.5M for Sunset Park dev site (November 25, 2024)

• Borrower with $9.9M from Signature maturing in Brooklyn, Queens alleges servicer impeding refis (November 12, 2024)

• $11M pre-foreclosure filed at Tessler Developments retail condo in Flatiron (October 28, 2024)

• Stephen Clark signs $22M refi with Equity Bank for storage in Sheepshead Bay (October 11, 2024)

• Blackstone files $20.25M pre-foreclosure at RFR retail, 5th for owner since 2023 (August 12, 2024)

• $27.5M pre-foreclosure at Argentine family’s Garment District building, second for them since 2021 (July 22, 2024)

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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