Katherine Furman

(Katherine D. Furman, Katherine Furman Pasik)

Lender

$419.2 million* – hotel 89%, elevator 10%; Manhattan 100%, Bronx 0%

160th largest portfolio by dollar value

1,637,825 sqft – hotel 90%, elevator 9%;

201th largest by SF

3 properties – Manhattan 100%, Bronx 0%

2178th largest

116 residential units – Manhattan 100%, Bronx 0%

1299th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Buyer signatory: 1 for $51.8 million

Borrower signatory: 2 for $194.5 million

Alexander R. Berger (1), Marshall B. Tycher (1), Eric Roseman (1), William J. Tennis (1)

• Island Capital Group borrowed $39.5 million from Emigrant Bank for 35 West 21st Street, Flatiron District, Manhattan on June 13, 2024.

• Canoe Brook Development and McKettrick-Williams, Inc. sold 35 West 21st Street, Flatiron District, Manhattan for $51.8 million to Island Capital Group on June 13, 2024.

• Island Capital Group borrowed $155 million from Hudson Bay Capital Management for 511 Lexington Avenue, Midtown East, Manhattan on May 07, 2024.

• MCR Development and Island Capital Group borrowed $250 million from Host Hotels & Resorts for 811 7th Avenue, Midtown West, Manhattan on May 03, 2022.

• DiamondRock Hospitality Company sold 511 Lexington Avenue, Grand Central, Manhattan for $173.5 million to C-III Capital Partners on July 09, 2021.

• C-III Capital Partners borrowed $125 million from HPS Investment Partners for 511 Lexington Avenue, Grand Central, Manhattan on July 09, 2021.