Melissa Perez

Ready Capital

(Waterfall Asset Management, ReadyCap Commercial, ReadyCap Lending, Ready Capital Structured Finance)

Lender

1251 Avenue of the Americas, 50th Floor. New York, NY 10020

LinkedIn

Ready Capital portfolio

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

$8.6 million – retail 82%, condo 17%; Manhattan 100%, Bronx 0%

2872th largest portfolio by dollar value

28,139 sqft – retail 93%, condo 6%;

3666th largest by SF

2 properties – Manhattan 100%, Bronx 0%

155th largest

4 foreclosures, 2 bankruptcies, 1 other court case.

Person Activity past 24 months:

Buyer signatory: 0 for $0

Seller signatory: 0 for $0

Borrower signatory: 0 for $0

Lender signatory: 3 for $55.3 million

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

Top Ten Associated Companies:

Son Dinh Tran (1), Fereidoon Behin (1), Ladder Capital (1), EMP Capital Group (1), KPG Funds (1)

Top Ten Associated People:

Son Dinh Tran (1), Fereidoon Behin (1), David Traitel (1), Elichai Pariente (1), Gregory Kraut (1)

Recent activity as signatory:

• SOMA Group borrowed $0 from Midwest Financial for 34 West 28th Street, NoMad, Manhattan on September 11, 2024.

• Chung Ki Ng borrowed $0 from JTS Capital Group for 302 2nd Street, Gramercy, Manhattan on August 19, 2024.

• Fereidoon Behin borrowed $8.6 million from Ready Capital for 56-50 Myrtle Avenue, 56-52 Myrtle Avenue, 56-48 Myrtle Avenue, and 56-54 Myrtle Avenue, Ridgewood, Queens on January 22, 2024.

• Son Dinh Tran borrowed $37.7 million from Ready Capital for 841 7th Avenue, Midtown West, Manhattan on September 18, 2023.

• KPG Funds borrowed $9 million from Ready Capital for 102 Chambers Street, Tribeca, Manhattan on May 16, 2023.

• EMP Capital Group borrowed $14 million from Ready Capital for 149 Spring Street, SoHo, Manhattan on February 24, 2022.

• Cayuga Capital Management borrowed $14.6 million from Ladder Capital for 321 Starr Street, Bushwick, Brooklyn on February 14, 2022.