Grey Tab C002 — Asset & Collateral Map¶
GUARDRAIL: GREY — BANK FRAUD
Bank fraud evidence and 18 U.S.C. § 1344 elements. Criminal referral documentation. No civil damages calculations.
POSTURE NOTE — Asset & Collateral Scope¶
This tab assembles facts about assets and collateral associated with American Package Company, Inc. (APC), focusing on Block 2512 and the mortgage receivables portfolio, and how they relate to the loan stack documented in Grey Tab B001. It does not: perform damages calculations or recovery scenarios (Green/Purple only), recommend enforcement or settlement strategy (Green/Purple only), compute equity estimates (Green Vol 09 only), or use leverage rhetoric or sentencing language. Any recovery modeling or lien-strategy analysis remains in Green Vol 09 and Purple Vol 08.
0) Purpose & Scope¶
Purpose: Provide a facts-only map of:
- Which assets secure which loans (Block 2512 + any cross-collateral)
- What other attachable assets exist (mortgage receivables, business/UCC assets)
- Single, clean collateral picture for Grey Tab C001 and Green Vol 09 reference
Scope Limits:
- Uses ACRIS-based asset investigation findings only
- States loan amounts and transaction values as documented in B001
- Leaves equity calculations, recovery estimates, and lien steps to Green Vol 09
1) Collateral Universe Snapshot (APC)¶
1.1 Primary Asset¶
Brooklyn Block 2512, Lots 1 & 72 — 226 Franklin Street (APC headquarters)
- Fee simple ownership since 1996 government-to-private transfer
- Secures all four loans documented in Grey Tab B001
- Contains G21 unit (97 Green Street / 226 Franklin Street)
1.2 Loan Stack on Block 2512 (from B001)¶
| Loan ID | Date | Lender | Principal | CRFN |
|---|---|---|---|---|
| L-2003-01 | Sept 11, 2003 | Flushing Savings Bank, FSB | $1,162,795.82 | 2004000173465 |
| L-2008-01 | Sept 3, 2008 | National Bank of New York City | $2,835,669.19 | 2008091100022002 |
| L-2014-01 | Feb 19, 2014 | New York Community Bank | $11,000,000.00 | 2014000090621 |
| L-2019-01 | Dec 31, 2019 | New York Community Bank | $13,750,000.00 | 2019042600232001/02 |
Total Principal Across 21+ Years: $28,748,464.01
Collateral Role: All listed mortgages secured by Block 2512, Lots 1 & 72.
1.3 Secondary Assets (Tier 2)¶
Mortgage Receivables Portfolio: ~$976,000 in active mortgage receivables across Queens/Bronx properties (APC as lender to third parties)
1.4 Tertiary Assets (Tier 3)¶
- Historical satisfied mortgages (Brooklyn/Bronx)
- UCC-secured business assets (equipment, inventory)
2) Block 2512 — Ownership & Collateral Role¶
2.1 Ownership Chain¶
| Period | Status | Notes |
|---|---|---|
| 1982-1983 | NYC IDA development lease | $313,000 original mortgage |
| 1996 | Fee simple transfer | NYC IDA → APC for $1.00 consideration |
| 1996-Present | Continuous fee ownership | No adverse claims identified |
Current Owner: American Package Company, Inc. (Martin C. Kofman, President)
2.2 Property Identification¶
| Property ID | Address | BBL | Role |
|---|---|---|---|
| P-01 | 226 Franklin Street, Brooklyn, NY 11222 | Block 2512, Lot 1 | Primary collateral all 4 loans |
| P-02 | Related parcel | Block 2512, Lot 72 | Additional collateral |
2.3 Loan-to-Collateral Matrix¶
| Loan ID | Collateral | Lien Position | Status |
|---|---|---|---|
| L-2003-01 | Block 2512, Lots 1 & 72 | Senior at time | Likely satisfied/consolidated |
| L-2008-01 | Block 2512, Lots 1 & 72 | Senior at time | Likely consolidated into L-2014-01 |
| L-2014-01 | Block 2512, Lots 1 & 72 | Senior at time | Likely consolidated into L-2019-01 |
| L-2019-01 | Block 2512, Lots 1 & 72 | Current senior | Outstanding (NYCB) |
Note: Exact payoff/satisfaction status requires updated title search. Current senior lienholder presumed to be New York Community Bank under L-2019-01.
3) Tier 2 Assets — Mortgage Receivables Portfolio¶
APC operates as a private lender with secured interests in third-party properties.
3.1 Active Lending Assets (Per Green Investigation)¶
| Property | Borough | Amount | Borrower | Status |
|---|---|---|---|---|
| 19-24 24th Ave (Block 889, Lot 83) | Queens | $80,000 | Chrisavgi Michialis | 2018 mortgage; no satisfaction |
| 414 Beach 67th St (Block 16040, Lot 6) | Queens | $216,000 | Amir Properties & Development Inc | 2011 mortgage; no satisfaction |
| Cruger Ave cluster (Block 2887, Lots 26/28) | Bronx | ~$350,000 | Various per ACRIS | 2009-2010; unsatisfied |
| 158-20 85th Ave (Block 9778, Lot 134) | Queens | $330,000 | NH Builders, Inc. | 2009-2010; construction |
Total Outstanding Receivables: ~$976,000
3.2 Relationship to Block 2512 Loan Stack¶
- Receivables are separate secured interests (APC as lender)
- Do not appear as explicit cross-collateral in Block 2512 mortgage instruments
- Demonstrate breadth of APC's secured asset base over same timeframe as Block 2512 loan activity
4) Tier 3 Assets — Historical Properties & UCC Business Assets¶
4.1 Historical Mortgaged Properties (Satisfied)¶
| Property | Borough | Status | Notes |
|---|---|---|---|
| Block 1534, Lot 22 | Brooklyn | Satisfied 2012 | Past collateral |
| Block 3375, Lot 48 | Brooklyn | Satisfied 2009 | Past collateral |
| Block 4824, Lot 80 | Bronx | Satisfied 2014 | Past collateral |
These no longer represent live collateral but demonstrate APC's history as a multi-property real estate actor.
4.2 UCC-Secured Business Assets¶
| Category | Period | Significance |
|---|---|---|
| Equipment | 1992-2019 | Systematic secured business operations |
| Inventory | 1992-2019 | Shows substantial business asset base |
| Other business assets | 1992-2019 | Additional potential attachment targets |
Detailed UCC treatment in Green Vol 09.
5) Collateral Hierarchy Summary¶
5.1 Three-Tier Structure¶
| Tier | Category | Assets | Value Reference |
|---|---|---|---|
| 1 | Primary Real Estate | Block 2512, Lots 1 & 72 | See Green Vol 09 |
| 2 | Mortgage Receivables | Queens/Bronx portfolio | ~$976,000 |
| 3 | Historical & UCC | Satisfied mortgages + business assets | See Green Vol 09 |
5.2 How Grey Uses This Hierarchy¶
Grey Tab B001: C002 identifies what the loans documented in B001 sit on (Block 2512)
Grey Tab B002: Uses C002's confirmation that Block 2512 is the collateral to connect conditions to covenant obligations
Grey Tab C001: When addressing "scheme to defraud a financial institution" and "obtaining property under custody or control," C002 supplies the "what property?" answer
Green Vol 09: Uses same hierarchy for recovery analysis (equity calculations live there, not here)
6) Cross-Reference Panel¶
6.1 Grey Volume 11 (Internal)¶
| Tab | Relationship |
|---|---|
| B001 | C002 maps collateral for loans documented in B001 |
| B002 | C002 confirms Block 2512 conditions affect covenant-secured collateral |
| B003 | Tenant impacts occur on collateral-secured property |
| C001 | C002 provides Element 4 factual foundation (property at issue) |
| D001 | Lien positions on collateral identified in C002 |
6.2 Other Volumes (Outbound)¶
| Volume | Tab | Relationship |
|---|---|---|
| Green Vol 09 | B001 | Equity analysis for Block 2512 |
| Green Vol 09 | B002 | Mortgage receivables documentation |
| Purple Vol 08 | Various | Strategy using Grey evidence |
| White Vol 07 | WT-106+ | Source evidence for conditions |
7) Guardrails¶
7.1 What C002 Does NOT Do¶
- No equity calculations — Those belong in Green Vol 09
- No lien priority analysis — That belongs in Grey Tab D001
- No recovery projections — Green Vol 09 only
- No enforcement steps — Green/Purple only
- No leverage rhetoric — Facts-only collateral identification
7.2 Source Discipline¶
All factual statements traceable to: - ACRIS records (via Green asset investigation) - Grey Tab B001 loan documentation - Public records / White evidence tabs
END — Grey Tab C002 — Asset & Collateral Map v1.4