Sela Group

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Sela Group portfolio

$19.2 million – industrial 62%, hotel 29%; Brooklyn 100%, Manhattan 0%

1770th largest portfolio by dollar value

238,879 sqft – industrial 85%, hotel 14%;

1023th largest by SF

5 properties – Brooklyn 100%, Manhattan 0%

152th largest

374 residential units – Brooklyn 100%, Manhattan 0%

452th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Top Ten Associated Companies:

Madison Realty Capital (3), Maxim Credit Group (2), Issta Group (1), Amalgamated Bank (1), Arch Companies (1)

Top Ten Associated People:

Michael Lefkowitz (1), Jacob Nimmer (1), Brian Shatz (1), David Speiser (1), Shoshana Carmel (1)

Latest Stories:

• Sela Group signs $14M refi loan with Amalgamated Bank for three properties in Greenpoint (August 10, 2022)

• Sela Group signs $15M construction loan with Madison Realty Capital in Clinton Hill (April 27, 2022)

• Issta Group pays $19.7M to Sela Group for new hotel in Long Island City (March 03, 2022)

• Sela Group signs $99M rehab construction loan with Madison Realty for six properties in NYC (December 20, 2021)

• Madison Realty gives $63.2M loan to Sela Group on parcels it once owned (February 01, 2021)

• Arch Companies records $47.5M loan transfer from Maxim for Sela Group properties (October 09, 2020)

• Arch Companies alleges control of $64M in Sela Group assets in Brooklyn, Queens (September 18, 2020)

• Gal Sela’s Sela Group borrows $43M from Maxim Credit Group for property in Fort Greene (October 07, 2019)

• Gal Sela’s Sela Group borrows $5M from Maxim Credit Group for property in Long Island City (October 07, 2019)

• Sela 27 Street LLC obtained financing of $6M from Maxim Credit Group (August 29, 2019)

Litigation:

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Properties:

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