- The loan is to an SPV backed by Top Quality Management, the New York-based asset management company dedicated to the medium sized property owners and investors;
- Founded by Mendy Deutsch in 2010, Top Quality Management’s residential units under management have since grown significantly to over 2000 across New York;
- The capital will be used to support a four-story, eight-unit multifamily site in Brooklyn, New York;
- Located on an urban waterfront neighbourhood adjacent to Williamsburg and Long Island City, the site offers residents bicycle storage, shared garden and in-unit laundry facilities.
New York, USA, 12 January, 2026; OakNorth – the leading digital bank for entrepreneurs, by entrepreneurs, has provided a $4.9m loan to 150 Calyer Group SPV to refinance existing debt on a four-story multifamily asset in Brooklyn, New York.
Founded by Mendy Deutsch in 2010, Top Quality Management has grown its residential portfolio to more than 2,000 units under management across New York. The firm specialises in hands-on asset oversight, site management, and residential leasing, with a proven track record operating multifamily properties throughout Brooklyn, Manhattan, and Queens.
The capital from OakNorth will support a fully renovated, four-story, eight-unit multifamily asset located at 150 Calyer Street in Greenpoint, Brooklyn. Originally built in 1894, the property recently underwent extensive renovations, transforming it into a high-quality site with modern systems. Located in an urban waterfront neighbourhood adjacent to Williamsburg and Long Island City, the property offers residents a range of desirable amenities, including bicycle storage, a shared backyard garden, and in-unit laundry facilities. With immediate access to key transportation links, Greenpoint remains one of Brooklyn’s most supply-constrained and in-demand multifamily submarkets.
Mendy Deutsch, Founder of Top Quality Management, commented on the transaction: “Our team is committed to delivering well-managed, high-quality housing across New York’s most dynamic communities. Max and the OakNorth team’s responsiveness, deep sector knowledge, and partnership-driven approach made them an ideal lender for this transaction. We look forward to working together again as we continue to expand our footprint.”
Max Saidman, Director of Debt Finance at OakNorth, added: “This is a strong, well-located multifamily asset backed by highly experienced operators with a long track record managing similar properties across New York. Top Quality Management’s extensive renovation of 150 Calyer Street has transformed a formerly distressed building into a high-performing, fully stabilized rental property in one of Brooklyn’s most attractive neighbourhoods. We’re delighted to support the continued growth of their portfolio and look forward to working with them again in the future.
ENDS
Notes to editors
About OakNorth
Launched in September 2015 and founded by entrepreneurs, OakNorth is a digital bank focused on serving and empowering the lower mid-market (businesses with £1m-£100m in turnover), that are seeking to scale but are routinely underserved or overlooked by traditional banks.
To date, it has provided $18bn to these businesses across a wide range of sectors, achieving performance metrics that place it amongst the top 1% of commercial banks globally. Its loans have directly contributed to the creation of 61,000 jobs, and over 36,000 new homes across the UK and the US – the majority of which are affordable and social housing.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.com for more information.
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