Rialto Management Group

(Rialto Capital Management, Rialto Capital Advisors, Rialto Capital)

People:

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Rialto Management Group portfolio

$107.9 million* – office 67%, hotel 21%; Manhattan 98%, Brooklyn 1%

530th largest portfolio by dollar value

197,906 sqft – office 57%, hotel 33%;

1221th largest by SF

7 properties – Manhattan 85%, Brooklyn 14%

1141th largest

8 residential units – Brooklyn 100%, Manhattan 0%

4293th largest by residential units

66 foreclosures, 0 bankruptcies, 17 other court cases.

Company Activity past 24 months:

Buyer company: 3 for $62.3 million

Lender company: 1 for $54.5 million

Top Ten Associated People:

Gregory Fournier (10), Peter Hungerford (2), Stephen L. Clark (2), Ilya Braz (1), David Marx (1), Jaclyn Jesperger (1), Richard Ostrovsky (1), Michael K. Shah (1), Roberta Ashkin (1), Jeffrey R. Miller (1)

Recent activity as company:

• Townhouse Management Company borrowed $54.5 million from FS Investments and Rialto Capital Advisors for 554-556 3rd Avenue, Murray Hill, Manhattan on January 03, 2025.

• Scott Schroeder, Kevin Fee and Victor Afonso sold 342 West 40th Street, Garment District, Manhattan for $40 million to Rialto Capital Advisors and RSS MSBAM2012-C5-NY 3PL on December 30, 2024.

• Vipul Patel, Jai Patel, Krishna Mehta, Chandra Mehta and Jagruti Patel borrowed $5.5 million from New Millennium Bank for 139-09 Archer Avenue, Jamaica, Queens on October 31, 2024.

• Stephen L. Clark borrowed $17.6 million from Equity Bank for 1320 Zerega Avenue, Westchester Square, Bronx on October 15, 2024.

• First Atlantic Capital borrowed $0 from 7G Realty for 123 Lafayette Street, Little Italy, Manhattan on July 26, 2024.

• Thor Equities sold 50 Bond Street, NoHo, Manhattan for $3.9 million to Rialto Capital Management on July 12, 2024.

• 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.

• Delshah Capital sold 597 Broadway, SoHo, Manhattan for $5.2 million to Rialto Capital Management on December 02, 2022.

• Greenbrook Partners borrowed $7.7 million from Signature Bank for 225 13th Street, South Slope, Brooklyn on November 10, 2022.

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)

• Vipul Patel, partners sign $5.5M refi for hotel in Jamaica (November 01, 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)

• Note buyer files $14.9M pre-foreclosure at Little Italy office (August 21, 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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