THE CONDO BOOK PROJECT

Bank of Montreal

Named as the sponsor's construction lender in 2 New York City condominium offering plans, in the plan's text, where the sponsor says it has obtained its construction loan or financing, or, where the plan doesn't name one, as the lender on the mortgage and building loan agreement recorded in ACRIS on the building's lot before the plan was accepted. Each building below links the plan page or the recorded document. Where an amendment names a new lender, that lender is counted.

Bank of Montreal's 2 buildings in these plans are spread across Queens (1), Manhattan (1), all new construction, 2 units at the middle. Check size: $2.4B typical (the median of 2 loans whose size the plan states or ACRIS records), from $291.3M to $4.5B.

Buildings
2
Residential units
2
Typical check
$2.4B
Years
2021–2022
ManhattanBrooklynQueensBronxStaten Island Park Hill City Condominium, 88-20 153rd StreetOne Vanderbilt Avenue Condominium, One Vanderbilt Avenue

Pro · Advanced analysis

Recent Growth

Bank of Montreal's buildings and units by year for the last 6 years, and whether the pace is rising or falling.

0 buildings accepted in 2024–2026 (2026 to date), against 2 in 2021–2023. 0% of all 2 dated buildings are from the last 3 years.

Year acceptedBuildingsUnits
2026 to date0—
20250—
20240—
20230—
202212
202110

Latest: Park Hill City Condominium, accepted Mar 15, 2022.

Strongest Relationships

No other firm is named with Bank of Montreal on more than one building yet.

From the same offering plans as the table below. A firm's own affiliates aren't counted.

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CondominiumAcceptedUnitsLoan
Park Hill City Condominium88-20 153rd Street · Queens · new constructionRecorded as Starwood Mortgage Capital LLC and Bank of Montreal · Sponsor: 88th Avenue Owner LLC · Recorded in ACRIS ↗20222$291.3M*
One Vanderbilt Avenue CondominiumOne Vanderbilt Avenue · Manhattan · new constructionRecorded as Wells Fargo Bank and Goldman Sachs Bank and Bank of America and Bank of China and Bank of Montreal and Dbr Investments Co. and Jpmorgan Chase Bank and Barclays Capital Real Estate Inc. and Citi Real Estate Funding Inc. · Sponsor: One Vanderbilt Owner LLC · Recorded in ACRIS ↗20210$4.5B*

Loan is the construction financing the plan states: its stated total, or the building, project and other loans it lists added up (hover for the parts); a loan only for buying the land isn't counted. Where the plan states no amount, a figure marked * is the mortgage and building loan agreement recorded in ACRIS for the same lender on the building's lot, linked to the document. — means neither has one. The typical check is the median of these loans. A bank that changed its name is counted under its current name. Different spellings of one lender's name are counted together.