Matt Smith
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.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 6 for $691.6 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Lam Group (1), Legion Investment Group (1), David Bowen (1), Related Companies (1), Steiner Equities Group (1), Bronstein Properties (1)
Top Ten Associated People:
Kin Chung Lam (1), Victor Sigoura (1), David Bowen (1), David Zussman (1), Douglas C. Steiner (1), Barry Rudofsky (1)
Recent activity as signatory:
• Bronstein Properties borrowed $7.4 million from Deutsche Bank for 140-40 Beech Avenue and 140-30 Beech Avenue, Flushing, Queens on December 27, 2024.
• Carlyle Groupand Stonehenge NYC borrowed $232.3 million from Baringsand Ares Commercial Real Estate for 235 West 48th Street, Midtown West, Manhattan on December 16, 2024.
• Steiner Equities Group borrowed $148.5 million from Deutsche Bank for 399 Sands Street and 25 Navy Street, Brooklyn Navy Yard, Brooklyn on November 15, 2024.
• Related Companies borrowed $380 million from Deutsche Bankand Bank of Americaand Starwood Mortgage Capitaland Wells Fargo for 610 Exterior Street, 700 Exterior Street, 651 River Avenue, 750 Exterior Street, 590 Exterior Street, and others, Concourse, Bronx on August 23, 2024.
• David Bowen borrowed $14.5 million from Deutsche Bank for 850 Nostrand Avenue, 820 Nostrand Avenue, 738 Nostrand Avenue, 758 Nostrand Avenue, 752 Nostrand Avenue, and others, Crown Heights, Brooklyn on March 05, 2024.
• Lam Group borrowed $85 million from Deutsche Bank for 222-228 Duffield Street, Downtown Brooklyn, Brooklyn on February 16, 2024.
• Legion Investment Group borrowed $56.1 million from Deutsche Bank for 1122 Madison Avenue, 1128 Madison Avenue, 26 East 84th Street, 24 East 84th Street, and 22 East 84th Street, Carnegie Hill, Manhattan on January 25, 2024.
Latest Stories:
• Related signs $380M refi for Bronx Terminal Market mall in Concourse August 26, 2024
• Lam Group signs $85M refi for hotel in Downtown Brooklyn, gets $22.5M gap loan February 19, 2024
• Legion Investment Group plans 22-unit mixed-use in Carnegie Hill November 03, 2023
• Brooklyn Navy Yard borrows $58M from AIG for property in Fort Greene September 11, 2020