Silverback Development

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Silverback Development portfolio

$9.5 million – elevator 100%; Brooklyn 100%, Manhattan 0%

2698th largest portfolio by dollar value

41,500 sqft – elevator 100%;

3115th largest by SF

22 residential units – Brooklyn 100%, Manhattan 0%

776th largest by residential units

0 foreclosures, 0 bankruptcies, 3 other court cases.

Top Ten Associated Companies:

Sculptor Capital Management (formerly Och-Ziff) and Michael Dell’s MSD Partners (1), Oz Real Estate (1), Emmes Asset Management Company (1)

Latest Stories:

• Stellar Management signs $47M construction loan for 197-unit development in Concourse (October 11, 2023)

• Karten, Alcova signs $17M refi with lender Stellar Management for 197-unit project in Concourse (October 28, 2022)

• Karten, Alcova Capital acquire full control of 197-unit Bronx dev site, sign $17M refi with Forest Road (December 27, 2021)

• Karten claims Silverback blocking $17M Bronx refi, as default looms (October 26, 2021)

• Silverback pays $16.9M to Emmes Asset for garage in Longwood Melrose (October 05, 2020)

• Silverback borrows $13M from Emmes to buy garage in Longwood Melrose (October 05, 2020)

• Silverback borrows $90M from Sculptor Capital Management, MSD Partners for new construction in Gramercy (January 07, 2020)

• Silverback Development obtained financing of $26M from Oz Real Estate (August 07, 2019)

Litigation:

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Properties:

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