Spencer Orkus
L+M Development Partners
L+M Development Partners|Services for the UnderServed portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$2.7 billion – elevator 67.0%, condo 20.0%; Manhattan 52.0%, Brooklyn 34.0%
19th largest portfolio by dollar value
24,222,069 sqft – elevator 74.0%, walkup 11.0%;
6th largest by SF
331 properties – Manhattan 53%, Brooklyn 36%
15th largest
25,409 residential units – Manhattan 41.0%, Brooklyn 41.0%
2th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 2 for $164.2 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 5 for 971,652 square feet
Top Ten Associated Companies:
NYS Housing Finance Agency (3), NYC Housing Development Corporation (3), New York State Urban Development Corporation (1), NYC Department of Housing Preservation and Development (1), (1), New York City Regional Center affiliate (1), UMB Bank (1)
Top Ten Associated People:
Holly Leicht (1), Julie M. Behrens (1), Lauren Connors (1), Patrick Love (1), Heather Cottle (1)
Recent activity as signatory:
• Spencer Orkus filed plans for major alteration for 51,526 sqft in Concourse, Bronx, on October 10, 2024.
• Spencer Orkus filed plans for new building for 356,813 sqft in Concourse, Bronx, on May 17, 2024.
• L+M Development Partners borrowed $106.6 million from NYS Housing Finance Agencyand NYC Department of Housing Preservation and Developmentand for N/A Livonia Avenue, 753 Thomas S Boyland St, N/A Livonia Avenue, N/A Livonia Avenue, N/A Livonia Avenue, and others, Brownsville, Brooklyn on April 08, 2024.
• L+M Development Partners borrowed $57.6 million from NYS Housing Finance Agency for 251 Chester Street, Brownsville, Brooklyn on January 05, 2024.
• Spencer Orkus filed plans for new building for 182,840 sqft in East New York, Brooklyn, on October 18, 2023.
• Spencer Orkus filed plans for new building for 380,472 sqft in East New York, Brooklyn, on October 18, 2023.
• Spencer Orkus filed plans for major alteration for 1 sqft in Queens, on March 16, 2023.
• L+M Development Partners borrowed $85.5 million from NYC Housing Development Corporation for N/A Beach Channel Drive and N/A Edgemere Avenue, Edgemere, Queens on January 03, 2023.
• L+M Development Partners borrowed $39.6 million from UMB Bank for 1912 Mermaid Avenue, Coney Island, Brooklyn on July 05, 2022.
• L+M Development Partners borrowed $71.8 million from NYS Housing Finance Agency for N/A Fountain Avenue, East New York, Brooklyn on January 05, 2022.