THE CONDO BOOK PROJECT

Spencer Savings Bank, Sla

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.

Spencer Savings Bank, Sla's 2 buildings in these plans are spread across Manhattan (1), Bronx (1), all conversion, 4.5 units at the middle, offered at an average $1.9M per unit. Check size: $5.5M typical (the median of 2 loans whose size the plan states or ACRIS records), from $2.9M to $8.2M.

Buildings
2
Residential units
9
Typical check
$5.5M
Year
2014
ManhattanBrooklynQueensBronxStaten Island Tortola Condominium, 509 East 6th Street540 Southern Boulevard, 540 Southern Boulevard

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Recent Growth

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

No buildings accepted since 2021. 0% of all 2 dated buildings are from the last 3 years.

Year acceptedBuildingsUnits
2026 to date0—
20250—
20240—
20230—
20220—
20210—

Latest: Tortola Condominium, accepted May 21, 2014.

Strongest Relationships

No other firm is named with Spencer Savings Bank, Sla 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
Tortola Condominium509 East 6th Street · Manhattan · conversionSponsor: Alq, LLC · Recorded in ACRIS ↗20148$2.9M*
540 Southern Boulevard540 Southern Boulevard · Bronx · conversionSponsor: Corner View Residence LLC · Recorded in ACRIS ↗20141$8.2M*

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.