Louis Lebovits

BridgeCity Capital

Lender, Owner

Private Equity

Meral Property Group

BridgeCity Capital portfolio

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

$14.9 million – condo 100%; Brooklyn 100%, Manhattan 0%

2066th largest portfolio by dollar value

80,531 sqft – condo 100%;

2161th largest by SF

2 properties – Brooklyn 100%, Manhattan 0%

155th largest

41 residential units – Brooklyn 100%, Manhattan 0%

757th largest by residential units

Notes

BridgeCity Capital is a lender and Meral Property Group is a developer

Person Activity past 24 months:

Buyer signatory: 2 for $13 million

Seller signatory: 0 for $0

Borrower signatory: 1 for $6.8 million

Lender signatory: 16 for $350.1 million

Developer (new building or major alteration): 1 for 14,903 square feet

Top Ten Associated Companies:

Joel Schwartz (13), ZD Jasper Realty (2), Abraham Brach (2), Watermark Capital Group (2), Big Dream Developers (1), Michael Lipman (1), Beitel Group (1), Paulin Lumaj (1), Solomon Schwimmer (1), Yoel Hershkowitch (1)

Top Ten Associated People:

Joel Schwartz (13), Abraham Brach (2), Meir D. Tabak (2), Ascher Berkowitz (1), Michael Lipman (1), Zhidong Wu (1), Binyamin “Ben” Beitel (1), Paulin Lumaj (1), Mendel Berkowitz (1), Jasper Wu (1)

Recent activity as signatory:

• Joel Teitelbaumand Matt Katz borrowed $35 million from Amalgamated Bank for 26-04 Jackson Avenue, Long Island City, Queens on October 29, 2024.

• Joel Schwartz borrowed $12.8 million from BridgeCity Capital for 30 Richardson Street and 28 Richardson Street, Williamsburg, Brooklyn on October 18, 2024.

• ZD Jasper Realty borrowed $117.5 million from Maxim Capital Group for 430 West 37th Street, Hudson Yards, Manhattan on September 17, 2024.

• ZD Jasper Realty borrowed $35 million from Maxim Capital Group for 430 West 37th Street, Hudson Yards, Manhattan on September 11, 2024.

• Edelstein Development Group borrowed $11.5 million from BridgeCity Capital for 1777 Weeks Avenue, 1777 Weeks Avenue, and 1777 Weeks Avenue, Mt Hope, Bronx on August 19, 2024.

• Rivky Brach borrowed $31 million from BridgeCity Capital for 3547 Webster Avenue and 3551 Webster Avenue, Norwood, Bronx on August 15, 2024.

• Herman Kaufman borrowed $14.6 million from Webster Bank for 3308-3312 Glenwood Road, East Flatbush, Brooklyn on July 23, 2024.

• Meral Property Group borrowed $6.8 million from Derby Copeland Capital for 753 Washington Avenue, Crown Heights, Brooklyn on July 15, 2024.

• Jerome Walsh sold 753 Washington Avenue, Crown Heights, Brooklyn for $3 million to Meral Property Group on July 15, 2024.

• Thomas Anagnostopoulosand Antonios Dagounakis sold 21-03 Astoria Boulevard, 21-07 Astoria Boulevard, and 21-09 Astoria Boulevard, Astoria, Queens for $10 million to Meral Property Group on June 18, 2024.