Michael Hofheinz
Managing Director
MetLife
Lender
MetLife portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$60.7 million – office 60%, condo 20%; Manhattan 60%, Brooklyn 39%
816th largest portfolio by dollar value
231,872 sqft – office 62%, condo 18%;
1051th largest by SF
4 properties – Brooklyn 75%, Manhattan 25%
153th largest
78 residential units – Brooklyn 100%, Manhattan 0%
720th largest by residential units
2 foreclosures, 0 bankruptcies, 33 other court cases.
Top Ten Associated Companies:
Rockrose Development (1), Midwood Investment & Development (1), HUBB NYC (1), Rose Associates (1), Strategic Hotels & Resorts (1)
Top Ten Associated People:
Richard A. Brancato (1), John Usdan (1), John P. McCarthy (1), Steve Dluzyn (1), Amy Rose Silverman (1), Gregory Brenner (1)
Recent activity as signatory:
• Feil Organizationand Malkin Holdings borrowed $120 million from Signature Bank for 547 5th Avenue, Grand Central, Manhattan on November 21, 2022.
• Strategic Hotels & Resorts borrowed $97.8 million from Goldman Sachs for 160 Central Park South and 160 Central Park South, Midtown West, Manhattan on August 30, 2022.
• Midwood Investment & Development borrowed $63.5 million from MetLife for 56 7th Avenue, West Village, Manhattan on May 20, 2022.
• Rose Associates borrowed $70 million from MetLife for 21 West Street, Financial District, Manhattan on April 04, 2022.
• HUBB NYC borrowed $61 million from MetLife for 246 North 8th Street and 255 North 7th Street, Williamsburg, Brooklyn on March 28, 2022.
• Rockrose Development borrowed $210 million from MetLife for 47-05 Center Boulevard, Long Island City, Queens on March 03, 2022.
• L.H. Charney Associates borrowed $241 million from Deutsche Bank for 1441 Broadway, Times Square, Manhattan on September 13, 2021.
• Waterman Interests borrowed $198.6 million from Wells Fargo for 127 West 55th Street, Midtown West, Manhattan on March 19, 2021.
• Strategic Hotels & Resorts borrowed $75 million from MetLife for 160 Central Park South and 160 Central Park South, Central Park South, Manhattan on January 25, 2021.
Latest Stories:
• Strategic Hotels signs $97.75M refi for Essex Hotel in Midtown West October 21, 2024
• Midwood Investment pays $102M to BlackRock for residential elevator in West Village May 23, 2022
• Rose Associates signs $70M refi for 293-unit elevator rental in FiDi April 05, 2022
• HUBB NYC pays $116.2M to Greystar for two rentals in Williamsburg January 03, 2022
• L.H. Charney signs $241M refi with Deutsche Bank for 10 Times Square September 14, 2021
• JPMorgan, Waterman borrow $199M from Wells Fargo for office tower in Midtown West March 22, 2021
• Strategic Hotels & Resorts cuts debt by 67% to $75M from MetLife for Essex House January 26, 2021