SME Capital Ventures

People:

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Company Activity past 24 months:

Lender company: 4 for $37.2 million

Top Ten Associated Companies:

Tal August (1), Happy Living Development (1), RYL Group (1), Joseph Nabavi (1), Sugar Hill Capital Partners (1), 310 Kent Ave Suite 408 Brooklyn registered (1), Citi Builders NY (1), Verdevelopment Group (1)

Top Ten Associated People:

Reuben Pinner (2), Joseph Nabavi (1), Nicholas Edwards (1), Jean L. Chou (1), Chana Leah Balkany (1)

Recent activity as company:

Verdevelopment Group borrowed $13 million from SME Capital Ventures for 246 West 18th Street, Chelsea, Manhattan on January 24, 2025.

• 310 Kent Ave Suite 408 Brooklyn registered borrowed $16 million from SME Capital Ventures for 246 West 18th Street, Chelsea, Manhattan on August 15, 2024.

Sugar Hill Capital Partners borrowed $8.2 million from SME Capital Ventures for 44 West 8th Street, Greenwich Village, Manhattan on October 19, 2023.

Joseph Nabavi borrowed $0 from SME Capital Ventures for 246 West 18th Street, Chelsea, Manhattan on March 15, 2023.

RYL Group borrowed $16 million from SME Capital Ventures for 28 Herbert Street, Williamsburg, Brooklyn on December 19, 2022.

Citi Builders NY borrowed $29 million from SME Capital Ventures for 450 Grand Avenue, Clinton Hill, Brooklyn on December 01, 2021.

Happy Living Development borrowed $11 million from SME Capital Ventures for 441 West 37th Street, Hudson Yards, Manhattan on October 14, 2020.

• Tal August borrowed $4.5 million from SME Capital Ventures for 4 MC GUINNESS BLVD, None, Brooklyn on September 02, 2020.

Latest Stories:

• Reuben Pinner plans 19 units at former bankrupt Chelsea site bought for $10.5M (December 08, 2024)

• Anonymous buyer pays $10.5M for 35-unit condo dev site in Chelsea (August 16, 2024)

• Buyer pays $10M for retail in Greenwich Village (October 20, 2023)

• Chelsea developers sue to block looming UCC auction at “$80M” building (July 07, 2023)

• Joseph Nabavi puts $10M Chelsea residential project in bankruptcy (May 22, 2023)

• Chelsea office redevelopment placed in bankruptcy, estimated to be worth $80M (February 15, 2023)

• RYL Group pays $8M for Williamsburg development site where Cayuga planned 26 units (December 20, 2022)

• Citi Builders NY pays $7.5M for dev site in Clinton Hill with 39 units planned (December 02, 2021)

• Empire Management refis $35.6M with New York Community Bank for rentals in Manhattan (September 28, 2021)

• Sugar Hill Capital sells $11M loan to SME Capital secured by Happy Living project (October 15, 2020)

Court Records:

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