Citi Real Estate Funding
Named as the sponsor's construction lender in 4 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.
Citi Real Estate Funding's 4 buildings in these plans are spread across Brooklyn (2), Manhattan (2), 75% new construction, 1 units at the middle. Check size: $52M typical (the median of 4 loans whose size the plan states or ACRIS records), from $22.8M to $4.5B.
- Buildings
- 4
- Residential units
- 2
- Typical check
- $52M
- Years
- 2021–2024
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Recent Growth
Citi Real Estate Funding's buildings and units by year for the last 6 years, and whether the pace is rising or falling.
1 building accepted in 2024–2026 (2026 to date), against 1 in 2021–2023: level. 50% of all 2 dated buildings are from the last 3 years.
| Year accepted | Buildings | Units |
|---|---|---|
| 2026 to date | 0 | — |
| 2025 | 0 | — |
| 2024 | 1 | 1 |
| 2023 | 0 | — |
| 2022 | 0 | — |
| 2021 | 1 | 0 |
Latest: 1000 Lorimer Street Condominium, accepted May 20, 2024. 2 plans without an acceptance date aren't counted.
Strongest Relationships
No other firm is named with Citi Real Estate Funding 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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| Condominium | Accepted | Units | Loan |
|---|---|---|---|
| 1000 Lorimer Street Condominium1000 Lorimer Street · Brooklyn · new constructionRecorded as Citi Real Estate Funding Inc. · Sponsor: 723 Manhattan Gl LLC · Recorded in ACRIS ↗ | 2024 | 1 | $41M* |
| 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 ↗ | 2021 | 0 | $4.5B* |
| 841-853 Broadway Condominium841 & 853 Broadway · Manhattan · conversionRecorded as Citi Real Estate Funding Inc. · Sponsor: 841-853 Fee Owner LLC · Recorded in ACRIS ↗ | — | 0 | $63M* |
| 176 Central Avenue Condominium176 Central Avenue · Brooklyn · new constructionRecorded as Citi Real Estate Funding Inc. · Sponsor: 649 Hart St LLC · Recorded in ACRIS ↗ | — | 1 | $22.8M* |
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.