Thomas Hooker
Associate General Counsel
Maverick Real Estate Partners
Lender
Maverick Real Estate Partners portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$30.9 million – hotel 49%, retail 27%; Manhattan 76%, Queens 16%
1278th largest portfolio by dollar value
214,538 sqft – hotel 72%, elevator 11%;
1113th largest by SF
6 properties – Manhattan 33%, Brooklyn 33%
151th largest
43 residential units – Queens 58%, Brooklyn 41%
755th largest by residential units
37 foreclosures, 2 bankruptcies, 27 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 1 for $1.7 million
Borrower signatory: 0 for $0
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Xinyuan Real Estate Co. (1), Xin Development Group International (1)
Top Ten Associated People:
Jane Weng (1), Craig Stuart Lanza (1)
Recent activity as signatory:
• Maverick Real Estate Partners sold 229 Troy Avenue, Crown Heights, Brooklyn for $1.7 million to company on September 15, 2023.
• Bin Yu Wang borrowed $18 million from Hirshmark Capital for 327 East 22nd Street, Gramercy, Manhattan on October 13, 2022.
• Xinyuan Real Estate Co.and Xin Development Group International borrowed $34.4 million from Maverick Real Estate Partners for 135-35 Northern Boulevard, Flushing, Queens on October 11, 2022.
• Daryl Hagler borrowed $45.3 million from Benzion Lebovits for 38-59 11th Street, Long Island City, Queens on July 11, 2022.