Triangle Equities
Triangle Equities portfolio
$121.6 million – specialty 37.0%, industrial 28.0%; Queens 93.0%, Bronx 6.0%
459th largest portfolio by dollar value
709,193 sqft – industrial 41.0%, specialty 33.0%;
449th largest by SF
8 properties – Queens 87%, Bronx 12%
149th largest
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 1 for $57.1 million
Borrower company: 8 for $315.4 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Provident Bank (3), Goldman Sachs (2), Simone Development Companies (1), First National Bank of Long Island (1), H.I.G. Capital (1), LoanCore Capital (1), Centennial Bank (1), Metropolitan Commercial Bank (1), Safeguard Self Storage (1), Signature Bank (1)
Top Ten Associated People:
Timothy Richards (2), Joseph Simone (1), Paul Keshian (1), Richard O’Rourke (1), Stanislav Pertsev (1), Chad Jones (1), Francillia LeBlanc (1), James Goonan (1), David Arza (1)
Latest Stories:
• Triangle Equities ups debt to $31.5M at two Queens properties (September 10, 2024)
• Triangle Equities ups debt to $85M for storage in South Ozone Park (July 26, 2024)
• Triangle Equities signs $60M loan with H.I.G. for warehouse in South Ozone Park (March 24, 2023)
• Triangle Equities borrows $23.8M from Provident Bank for properties in Queens (February 08, 2021)
• Triangle Equities refis $17.3M with Signature Bank for property in Morrisania (November 06, 2020)
Litigation: