James Huddleston
Deutsche Bank
Lender
1 Columbus Cir 15th floor New York, NY 10019
Deutsche Bank portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$125.3 million – condo 70%, office 29%; Manhattan 100%, Bronx 0%
441th largest portfolio by dollar value
455,488 sqft – condo 61%, office 38%;
639th largest by SF
6 properties – Manhattan 100%, Bronx 0%
151th largest
1 foreclosure, 0 bankruptcies, 0 other court cases.
Top Ten Associated Companies:
Hackman Capital Partners (1), Moinian Group (1), RAL Development Services (1)
Top Ten Associated People:
Brent Iloulian (1), Joseph Moinian (1), Brian Thomas (1)
Recent activity as signatory:
• Mitchell Holdings borrowed $0 from Capstone Equities for 19 West 31st Street, Penn Station, Manhattan on January 09, 2023.
• Sotheby’s borrowed $50 million from Natixis for 25-11 49th Avenue, Long Island City, Queens on October 05, 2022.
• Moinian Group borrowed $106 million from Deutsche Bank for 17 Battery Place, Financial District, Manhattan on July 11, 2022.
• RAL Development Services borrowed $148.1 million from Deutsche Bank for 124 East 14th Street, East Village, Manhattan on June 27, 2022.
• Hackman Capital Partners borrowed $340 million from Deutsche Bank for 34-12 36th Street, 36-06 34th Avenue, 35-01 36th Street, 34-37 36th Street, and 35-23 35th Avenue, Astoria, Queens on January 14, 2022.
• CBSK Ironstate borrowed $70 million from Madison Realty Capital for 1228 Madison Avenue, Carnegie Hill, Manhattan on August 24, 2021.
• Cogswell Lee Development borrowed $0 from Waterfall Asset Management for 150 Rivington Street, 150 Rivington Street, 150 Rivington Street, 150 Rivington Street, 150 Rivington Street, and others, Lower East Side, Manhattan on January 22, 2021.
• Normandy Real Estate Partners borrowed $75 million from Waterfall Asset Management for 47-37 Austell Place, Long Island City, Queens on January 11, 2021.
Latest Stories:
• Capstone Equities buys $41M note secured by Mitchell Holdings hotel in Penn Plaza January 10, 2023
• Sotheby’s signs $50M initial loan with Natixis for office in Long Island City October 06, 2022
• Moinian Group signs $106M loan with Deutsche Bank for office in Financial District July 12, 2022
• RAL signs $148.1M loan with Deutsche Bank for office in East Village June 28, 2022
• Waterfall fund buys debt on 10 unsold units at Cogswell’s 150 Rivington condo January 25, 2021