Vertical Community Development

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$2.3 million* – industrial 100%; Bronx 100%, Manhattan 0%

5198th largest portfolio by dollar value

27,690 sqft – industrial 100%;

3732th largest by SF

2 properties – Bronx 100%, Manhattan 0%

3921th largest

Buyer company: 1 for $10.5 million

Borrower company: 2 for $108 million

• Vertical Community Development borrowed $16 million from Supportive Housing Solutions Fund for 4541-4551 Furman Avenue, Wakefield, Bronx on April 03, 2024.

• Altmark Group sold 4541-4551 Furman Avenue, Wakefield, Bronx for $10.5 million to Vertical Community Development on April 03, 2024.

• Vertical Community Development borrowed $92 million from NYC Housing Development Corporation for 290 East 149th Street, Mott Haven, Bronx on July 06, 2023.

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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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