Anyone paying attention to the housing patterns around New Square already knows the script: the same mortgage channels, the same players, the same “personal use” mortgages for homes no one actually moves into. It’s not random. It’s a structure.
A deal on Hempstead Road says it all.
CASE IN POINT — February 2025: 96 Hempstead Road
In February 2025, Menachem Deutsch of 2 Cleveland Ave., Apt K, New Square purchased 96 Hempstead Road for $849,000, with a mortgage of $806,500.
Here, the paperwork is even clearer:
- The mortgage documents contain a specific condition that the property is for personal use
- That means the loan was extended based on the borrower’s intent to occupy the property as a residence
- Yet, like the prior example, Deutsch remains associated with his New Square address, and the Hempstead property has never functioned as his personal residence
This loan was underwritten by Zev Spitzer of CrossCountry Mortgage.
Different lender, different loan officer.
Same core features:
- Personal-use / primary-residence conditions
- No real-world occupancy
- Bad intentions
A Recurring Machine, Not Isolated Coincidences
When you put these examples next to each other — and next to many more like them — the pattern is hard to dismiss:
- Owner-occupancy loans where the supposed “personal residence” is never used as such
- High LTV financing that only works because it’s labeled personal use
- Concentrated reliance on specific mortgage originators and channels
- Borrowers staying based in New Square while “residing” on paper in other homes
- A coordinated acquisition pipeline that does not resemble an open, organic housing market
These are not just technicalities.
They shape who gets to live where, who feels pushed out, and how quickly a neighborhood can be upended by questionable activities.
The Human Impact Is Real
Behind every “creative” mortgage structure are real people dealing with the fallout:
- Neighbors watching houses flip into a pattern they have no say in
- A local market where insiders move quickly and quietly, and everyone else feels like they’re playing a rigged game
- Owners resorting to filling up these homes with multiple unrelated families (SRO’s) in order to afford the mortgage
This is not a healthy housing ecosystem.
It is leveraged power, channeled through paperwork.
This Will Continue Until It’s Dragged Into the Open
Stopping this doesn’t start with blaming one borrower or one broker. It starts with refusing to pretend this is normal and insisting on sunlight at every level:
- Regulators reviewing occupancy certifications and loan files
- Lenders asking why the same patterns keep repeating in the same place
- Journalists mapping out the transactions, names, and timelines
- Local officials and boards demanding transparency in who is buying what, and why
- Residents and advocates speaking openly about what they see on their own blocks
These systems survive on quiet.
They weaken the moment people start naming what’s happening, documenting it, and refusing to be gaslit into thinking it’s just business as usual.
13 Comments
Unfortunately, some of humanity’s smoothest, most devious operators have a way of presenting as ever-so-charming, thereby getting away with their heinous actions. But all the charm in the world won’t work on Moshiach, who is expected to sniff out all foul players.
The funny thing is…. I would love to tear in to anyone here on the chat who ha a mortgage application, and got a loan……. and see if all the information that was presented to the bank was 100% accurate and true.
You are totally right – if they’re part of a coordinated effort to buy more than 350 houses in this despicable way
Not going anywhere with all these articles, they’re not going to give in to anyone and anyone that opposes has the right make a higher offer.
This isn’t true. My client tried selling a property within the mile. Next thing he knew he got a hazmana to skvere Bais
Din.
Equivalent to the mafia. They must be stopped.
I support the site and its goals and am writing only in the spirit of being helpful.
A) Some of the articles read as clearly AI-generated, which can unintentionally weaken the message and come across as unprofessional. I would strongly suggest rewriting them. If time is an issue, this can be very affordably outsourced on sites like Fiverr, and it would go a long way in strengthening the impact of the message.
B) Posting names and photos of individuals can have lifelong consequences for them and their families. While mesira in Chazal is sometimes permitted, it generally applies to someone intentionally causing harm. Here, many of these individuals believe they are acting al pi daas Torah, as encouraged by their leadership. Ideally, the focus should be on stopping harmful leadership decisions without destroying individuals who are essentially pawns.
C) The homepage lists many rabbanim, but it’s unclear whether they formally endorse the site. Clear proof of endorsement (such as a letter or short statement) would greatly strengthen credibility and avoid the appearance of name-dropping.
I hope this is taken in the supportive, non-critical way it’s intended. The goal is to present a professional message and make neighborhoods safer without unnecessarily harming individuals.
Written by someone who lives in the New Square mile and has been deeply affected.
— A New Square Mile resident
1. Whats it to you?
2. Who cares? Who cares? Who cares?
3. Probably won’t have guts to respond either
Clearly u didnt take any time to read any of the damn articles where it clearly states how it affects everone in the unholy mile in a tremendous way
Stop complaining. If you really want something done, just call ICE. That is the only thing that will make a difference. It’s frustrating to hear you moan and groan about the devious and criminal way they are behaving and you want them to stop on their own? Never going to happen.
Be a big boy and call ICE.
They actually tried calling ICE but they wouldn’t come unless it was a much bigger operation -don’t make uninformed comments
mortgage fraud…. money laundry…
You are stupid people we will always win 👽👽👽👽👽