Sharif El-Gamal

Soho Properties

Soho Properties portfolio

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

$37.9 million – elevator 93%, P5 6%; Manhattan 100%, Bronx 0%

1124th largest portfolio by dollar value

179,364 sqft – elevator 91%, P5 8%;

1295th largest by SF

2 properties – Manhattan 100%, Bronx 0%

155th largest

50 residential units – Manhattan 100%, Bronx 0%

748th largest by residential units

2 foreclosures, 2 bankruptcies, 6 other court cases.

Top Ten Associated People:

Kenneth Gerold (1), Heshy Safrin (1)

Recent activity as signatory:

Soho Properties borrowed $0 from MSD Partners for 43 Park Place, Financial District, Manhattan on December 08, 2022.

Soho Properties borrowed $5.5 million from Realty Capital Finance for 45-51 Park Place, Financial District, Manhattan on October 01, 2021.

Soho Properties borrowed $167 million from One William Street Capital Management for 560 Seventh Avenue, Theater District/Times Square, Manhattan on September 30, 2021.

Sharif El-Gamal filed plans for new building for 118,143 sqft in Garment District, Manhattan, on March 24, 2015.

Sharif El-Gamal filed plans for new building for 134,304 sqft in Financial District, Manhattan, on May 05, 2014.

Latest Stories:

• Lenders Arden, Corten acquire Margaritaville hotel from Soho Properties valued at $150.4M January 08, 2024

• Private lender files $7.5M pre-foreclosure at Soho Properties FiDi vacant lot December 07, 2023

• Soho Properties files second bankruptcy at Margaritaville hotel August 14, 2023

• Mezz lenders Arden, Corten sue Margaritaville Times Square investors for $85M July 12, 2023

• Soho Properties puts Margaritaville hotel in bankruptcy to block $57M UCC auction July 10, 2023

• Soho Properties seeks to block $57M UCC auction for Margaritaville hotel June 30, 2023

• Michael Dell’s MSD Partners buys $174M note at Soho Properties’ FiDi tower, currently in foreclosure December 08, 2022

• Soho Properties signs $7.5M refi with Blueberry Funding for vacant land in Financial District July 21, 2022

• Soho Properties signs $167M refi with OWS for Times Square hotel project October 01, 2021

Litigation:

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