Stephen Saali
NuVerse Advisors
Lender
NuVerse Advisors portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$26.3 million – condo 62%, elevator 25%; Queens 100%, Manhattan 0%
1428th largest portfolio by dollar value
360,274 sqft – elevator 51%, O8 22%;
786th largest by SF
41 properties – Queens 100%, Manhattan 0%
116th largest
1,538 residential units – Queens 100%, Manhattan 0%
142th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 1 for $50 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Top Ten Associated People:
Hanjun Bai (1), Linzhong Zhuo (1), Linlin Zhuo (1), Hen Huang (1)
Recent activity as signatory:
• Sunlight Development borrowed $50 million from NuVerse Advisors for 89 Madison Avenue, NoMad, Manhattan on June 14, 2024.
Latest Stories:
• Sunlight Dev. signs $50M loan with NuVerse affiliate for resi conversion in NoMad June 17, 2024
• Sunlight Dev. signs $65M contract for NoMad office, plans 70-unit conversion June 03, 2024
• Goodman Capital gives $23M loan for NoMad office building exiting bankruptcy February 23, 2024