W Financial

(W Financial Fund, W Financial REIT)

60 Cutter Mill Rd #601, Great Neck, NY 11021

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W Financial portfolio

$17.8 million* – retail 55%, mixed-use 44%; Manhattan 100%, Bronx 0%

1880th largest portfolio by dollar value

16,014 sqft – mixed-use 84%, retail 15%;

4553th largest by SF

5 properties – Manhattan 100%, Bronx 0%

1558th largest

7 residential units – Manhattan 100%, Bronx 0%

4687th largest by residential units

2 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 1 for $61 million

Lender company: 4 for $30.9 million

Top Ten Associated Companies:

Darren Singer (3), HFZ Capital Group (2), Paramdeep Singh (1), HFZ Capital foreclosed (1), Lonicera Partners (1), Empire Equities (1), Barry Cohen (1), Perry Schorr (1), Sheri Schorr (1), Spyro Avdoulos (1)

Top Ten Associated People:

Haley Greenberg (1), Demetrios Yatrakis (1), Dov Lesches (1), Perry Schorr (1), Spyro Avdoulos (1), Bernard Willers (1), Michael Besen (1), Ziel Feldman (1), Pyotr Yadgarov (1), Darren Singer (1)

Recent activity as company:

Zelig Weiss borrowed $9.1 million from OakNorth Bank for 39-51 Franklin Avenue and 37 Franklin Avenue, Bedford Stuyvesant, Brooklyn on January 27, 2025.

Mann Group borrowed $11.7 million from W Financial for 109 Gold Street, Vinegar Hill, Brooklyn on December 10, 2024.

Michael Besen borrowed $6.8 million from W Financial for 13 West 38th Street, Grand Central, Manhattan on May 28, 2024.

• Mayer Hirsch and Yidel Hirsch borrowed $20 million from Levon Capital for 1055-1065 63rd Street and 291 Kent Avenue, Dyker Heights, Brooklyn on May 03, 2024.

Barry Cohen, Perry Schorr and Sheri Schorr borrowed $9 million from First Central Savings Bank for 302 East 80th Street, Yorkville, Manhattan on January 16, 2024.

Bernard Willers borrowed $6 million from W Financial for 83 Sullivan Street and 85 Sullivan Street, SoHo, Manhattan on January 02, 2024.

Spyro Avdoulos borrowed $7 million from Spring Bank for 33-20 55th Street, Woodside, Queens on November 20, 2023.

HFZ Capital Group and HFZ Capital foreclosed sold 1135 Lexington Avenue, 154 East 79th Street, 152 East 79th Street, 150 East 79th Street, and 1131 Lexington Avenue, Lenox Hill, Manhattan for $61 million to W Financial on March 07, 2023.

Spyro Avdoulos borrowed $6.5 million from W Financial for 33-20 55th Street, Woodside, Queens on March 03, 2023.

Eckstrom NYC borrowed $7.1 million from S3 Capital for 36 Remsen Street, Brooklyn Heights, Brooklyn on February 16, 2023.

Latest Stories:

• Mann Group pays $15.1M to Pinnacle for 33-unit rental in Vinegar Hill (December 11, 2024)

• Nagin family’s Superior Management pays $18.99M to Loketch Group for 10-unit Williamsburg rental (October 02, 2024)

• Chase files $30M pre-foreclosure at 6-story Chelsea retail (September 20, 2024)

• W Financial files $16.75M pre-foreclosure at Midtown West hotel (June 05, 2024)

• Parkview Financial seeks $54M from Baruch Singer over delayed yeshiva, office in Midwood (April 18, 2024)

• Bernard Willers pays $11.5M for adjacent townhomes in SoHo (January 03, 2024)

• Zhongyin Lyu, Jianfei Chen submit 150-unit Flushing condo plan, no sellout price disclosed (December 05, 2023)

• Simon Mirzokandov pays $16.1M for retail in Brighton Beach (November 30, 2023)

• Assembly OSM pays $4.1M to HAP for development in East Harlem (May 31, 2023)

• Retail lease dispute at $61M former HFZ dev site in Lenox Hill moves to federal court (May 22, 2023)

Court Records:

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Properties:

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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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