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 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

• Feil Organization, Malkin Holdings sign $120M refi with Signature Bank for office in Grand Central November 22, 2022

• Strategic Hotels & Resorts signs $97.8M refi loan with Goldman Sachs for Essex House hotel in Midtown West August 31, 2022

• 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

• Rockrose signs $210M refi with Metlife for 395-unit LIC tower, 6th largest Queens refi in 12 months March 03, 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