What is actually recorded against this building.
Not what the borrower says is on it. What the county says. Every mortgage, lien and filing on the building, assembled into one stack, including the ones the deal memo forgot to mention.
Senior to equity, with the paper behind it
Positions are built from recorded instruments and their assignments and satisfactions. A paid-off loan stops counting. A quietly assigned one still counts. Implied equity is derived and labelled as derived, never presented as a filing.
- Senior, mezzanine and junior debt with recorded amounts and dates
- Assignments and satisfactions tracked, so stale liens do not linger
- Derived values marked as derived, never dressed up as a record
- Senior mortgageMERIDIAN SAVINGS BANK$11.9M64%nyc_acris
- MezzanineARDEN BRIDGE FUND II LP$2.2M12%nyc_acris
- Mechanic’s lienNORTHGATE CONTRACTING$0.34M2%nyc_acris
- Equity (implied)KESTREL 1220 LLC$3.96M22%derived
The filings that arrive before the trouble does
Lis pendens, foreclosure filings, tax delinquency and code violations attach to the building and roll up to the real owner. Save a search and the terminal tells you the moment one lands, with the document attached.
- Distress events attached to the building and to the real owner
- Alerts carry the source document, so the signal is a fact
- Open versus closed status tracked, not assumed
- Lis pendens88 Harrow St, Brooklyn2m ago
- Deed recorded1402 Sable Ln, Tampa11m ago
- Tax delinquency9 Bellhouse Ct, Bronx24m ago
- New mortgage77 Marlowe Blvd, Queens38m ago
- Entity dissolvedPELL ROW PARTNERS LLC52m ago
- Code violation304 Pell Row, Brooklyn1h ago
- Satisfaction filed1220 Kestrel Ave, Queens1h ago
- Foreclosure filed612 Ordway Dr, Newark2h ago
- Lis pendens88 Harrow St, Brooklyn2m ago
- Deed recorded1402 Sable Ln, Tampa11m ago
- Tax delinquency9 Bellhouse Ct, Bronx24m ago
- New mortgage77 Marlowe Blvd, Queens38m ago
- Entity dissolvedPELL ROW PARTNERS LLC52m ago
- Code violation304 Pell Row, Brooklyn1h ago
- Satisfaction filed1220 Kestrel Ave, Queens1h ago
- Foreclosure filed612 Ordway Dr, Newark2h ago
Reading the debt on a building the borrower described as clean.
The same synthetic case that runs through this site, seen from the stack screen.
- 01Open the stack1220 Kestrel Avenue, Queens, NY, one of A. Reyes’s Queens holdings. Four positions assemble from the recorded instruments, largest at the base.
- 02The senior, as recorded$11.9M with MERIDIAN SAVINGS BANK, recorded 2021-06-02. Original recorded principal, stated as recorded, never dressed up as a current balance.
- 03The line the summary skippedA $340K mechanic’s lien from NORTHGATE CONTRACTING, recorded 2024-11-18, filed against the building, absent from the borrower’s package.
- 04The line that is math, not paperImplied equity is labeled derived. It sits apart from the filings because a reader must never mistake arithmetic for an instrument.
- Where you landThe stack as the county sees it: senior, mezzanine, a lien the deal memo missed, every recorded line one click from its document.
- Senior mortgageMERIDIAN SAVINGS BANK$11.9M64%nyc_acris
- MezzanineARDEN BRIDGE FUND II LP$2.2M12%nyc_acris
- Mechanic’s lienNORTHGATE CONTRACTING$0.34M2%nyc_acris
- Equity (implied)KESTREL 1220 LLC$3.96M22%derived
A lien is easy. A lien history is not.
Anyone can pull a mortgage index. The work is deciding which of four documents on the same loan is still active. Which satisfaction discharged it, and which assignment moved it to a party who never appears on the original, is the hard part. That's the same machine that matches identity, pointed at instruments instead of people.
- 01Four documents, one loan
An origination, two assignments and a modification are one position, counted once, at the amount that is still operative.
- 02Satisfactions actually close things
A discharged loan stops counting. A stack that never retires anything is how a vendor makes a clean building look levered.
- 03Assignments move the counterparty
The party you would call today is often nowhere on the original instrument.
- 04Derived is labelled derived
Implied equity is arithmetic, not a filing, and it is badged that way wherever it appears.
Straight answers.
Is the amount shown what the borrower still owes?
No, and we say so on the surface itself. A recorded mortgage states the original principal; amortization is not filed anywhere public. Mimir shows the recorded figure with its date and never presents it as a current balance. Vendors that do are guessing.
How do you know a lien is still open?
Satisfactions and releases are filings too, and the stack consumes them. A discharged loan drops out; an undischarged one stays. Where a jurisdiction records releases slowly, the date on every line lets you judge staleness yourself.
What about debt that was assigned to another lender?
Assignments are tracked as part of the loan’s history, so the counterparty shown is the current holder of record, often a party that appears nowhere on the original instrument.
Can I see the whole borrowing across the portfolio, not just one building?
Yes, the portfolio view rolls recorded debt across every entity that person uses. That is where concentration you did not know about tends to surface.
What is “implied equity”?
Arithmetic: an assessed or derived value minus recorded debt. It is useful for triage. It is not a filing, which is why it is badged derived and kept visually separate from the recorded lines.
See your market.
Twenty minutes on the live terminal.