Adam Singer

Rialto Management Group

(Rialto Capital Management, Rialto Capital Advisors, Rialto Capital)

Lender

Rialto Management Group portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$107.9 million – office 67%, hotel 21%; Manhattan 98%, Brooklyn 1%

513th largest portfolio by dollar value

197,906 sqft – office 57%, hotel 33%;

1199th largest by SF

7 properties – Manhattan 85%, Brooklyn 14%

150th largest

8 residential units – Brooklyn 100%, Manhattan 0%

790th largest by residential units

52 foreclosures, 0 bankruptcies, 17 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $23 million

Seller signatory: 0 for $0

Borrower signatory: 0 for $0

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Madison International Realty (1)

Top Ten Associated People:

Ronald M. Dickerman (1)

Recent activity as signatory:

Vipul Pateland Jai Pateland Krishna Mehtaand Chandra Mehtaand Jagruti Patel borrowed $5.5 million from New Millennium Bank for 139-09 Archer Avenue, Jamaica, Queens on October 31, 2024.

Aurora Capital Associates borrowed $8.8 million from Israel Discount Bank for 543 Broadway, SoHo, Manhattan on October 15, 2024.

First Atlantic Capital borrowed $0 from 7G Realty for 123 Lafayette Street, Little Italy, Manhattan on July 26, 2024.

Benchmark Real Estate Group borrowed $20 million from Starwood Property Trust for 43 White Street, Tribeca, Manhattan on July 11, 2024.

Shashin S. Gandhi borrowed $14.2 million from Series 2019-C17 for 442 West 36th Street, Hudson Yards, Manhattan on June 26, 2024.

Madison International Realty sold 94 Court Street, Brooklyn Heights, Brooklyn for $23 million to RSS UBSBB2013-C6-NY MCS LLC on October 30, 2023.

Greenbrook Partners borrowed $7.7 million from Signature Bank for 225 13th Street, South Slope, Brooklyn on November 10, 2022.

Pouya Toobian borrowed $0 from Starwood Capital Group for 15 Wilson Avenue and 140 Wilson Avenue, Bushwick, Brooklyn on December 07, 2021.

Gindi Capital borrowed $8.5 million from Israel Discount Bank for 350 East Fordham Road and 2511 Marion Avenue, Fordham, Bronx on May 27, 2021.

Shulamit Prager borrowed $16.9 million from Bethpage Federal Credit Union for 207 West 75th Street, the Upper West Side, Manhattan on December 30, 2020.

Latest Stories:

• Vipul Patel, partners sign $5.5M refi for hotel in Jamaica November 01, 2024

• Note buyer files $14.9M pre-foreclosure at Little Italy office August 21, 2024

• Benchmark signs $20M refi with Starwood for 17-unit rental in Tribeca July 12, 2024

• Shashin Gandhi pays $18.2M for hotel in Hudson Yards June 27, 2024

• Madison International Realty turns over Brooklyn Heights retail to lender, at $23M transfer value October 31, 2023

• Stephen Green sells 25-unit Park Slope rental to Greenbrook Partners for $8.5M March 03, 2021

• Greenbrook Partners borrows $7M from Rialto Capital to acquire property in Park Slope March 03, 2021

• Shulamit Prager borrows $16.9M from Bethpage Federal for 6-unit UWS building December 31, 2020

• Ae Sook Choi obtained financing of $14M from Ladder Capital Finance September 09, 2019