Sam Chang

McSam Hotel Group

McSam Hotel Group portfolio

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

$276.9 million – hotel 83.0%, condo 9.0%; Manhattan 86.0%, Queens 13.0%

213th largest portfolio by dollar value

1,184,568 sqft – hotel 85.0%, condo 7.0%;

283th largest by SF

32 properties – Manhattan 50%, Queens 50%

125th largest

17 residential units – Manhattan 100.0%, Bronx 0.0%

781th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Buyer signatory: 0 for $0

Seller signatory: 9 for $855.4 million

Borrower signatory: 7 for $340.4 million

Lender signatory: 0 for $0

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

Top Ten Associated Companies:

Sterling National Bank (6), Deutsche Bank (3), Goldman Sachs (3), Jasmin Patel (2), Magna Hospitality Group (2), Oak Hill Advisors (1), Bayrock Capital (1), Letap Group (1), State Bank of Texas (1), Priyank N. Patel (1)

Top Ten Associated People:

Gregory Weingart (4), Michael A. Savarese (2), Jennifer Adams Shepler (2), David Addison (2), Hengjiang Mu (2), Gregory S. Rubin (1), Daniel Rabinowitz (1), Mary Willis White (1), Sushil Patel (1), Priyank Patel (1)

Recent activity as signatory:

• McSam Hotel Group borrowed $65 million from Deutsche Bank for 38-37 9th Street, Long Island City, Queens on October 25, 2024.

• McSam Hotel Group sold 38-21 9th Street, Long Island City, Queens for $55.6 million to Priyank N. Pateland Jasmin Pateland LeTap Group on September 25, 2024.

• McSam Hotel Group borrowed $20.3 million from Golden Bank for 131-32 40th Road, 131-40 40th Road, 131-38 40th Road, 131-36 40th Road, 131-30 40th Road, and others, Flushing, Queens on May 10, 2024.

• McSam Hotel Group sold 38-11 10th Street, Long Island City, Queens for $40.5 million to Jasmin Patel on March 28, 2024.

• McSam Hotel Groupand Gene Kaufman borrowed $28 million from Maxim Capital Group for 224 West 47th Street, Times Square, Manhattan on March 18, 2024.

• McSam Hotel Group borrowed $14 million from Webster Bank for 108-68 Roosevelt Avenue and 108-68 Roosevelt Avenue, None, Queens on February 29, 2024.

• McSam Hotel Group borrowed $58.1 million from Jemm Lending for N/A 135th Avenue, N/A 135th Avenue, N/A 135th Avenue, and N/A 135th Avenue, None, Queens on January 17, 2024.

• McSam Hotel Group sold 144-02 135th Avenue, South Ozone Park, Queens for $64 million to Slate Property Groupand RiseBoro Community Partnership on January 16, 2024.

• McSam Hotel Group borrowed $120 million from Deutsche Bank for 346-354 West 40th Street, Garment District, Manhattan on December 14, 2023.

• McSam Hotel Group sold 25 West 51st Street and 25 West 51st Street, Midtown West, Manhattan for $78.9 million to company on December 14, 2023.