Remembering Steven Schnall, Quontic Bank CEO
Summary
Quontic Bank CEO Steven Schnall, who built a thriving mortgage business focused on New York’s immigrant communities and moonlighted as a boutique condo developer, passed away this week. Sources confirmed with The Real Deal that Schnall died in a motorcycle accident while on his way back from a biking trip to Canada. “Steve was a charismatic leader who inspired progress, got results — and managed to have fun along the way,” George Lazaridis, Quontic’s co-founder and interim CEO, said in a statement. After receiving a $15,000 loan from a friend, he launched his own mortgage brokerage and began hustling residential real estate for home buyers who needed financing. Shortly thereafter, he got into luxury residential development, buying 2 North Moore St., a two-story commercial property in Tribeca; he converted it into an elaborate mansion.
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