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Nigri ⇄ Gratsiani — Loan Reconciliation, With Proof

One pooled loan. Money in from Mr. Nigri, money out to Mr. Nigri, a running balance — and the source document behind every payment.
Interest method: 1% of standing principal per month, flat — simple, on principal only, never compounded. Mid-month fundings/payments prorated by day. Each payment clears accrued interest first, then reduces principal on its exact date. Run through July 1, 2026.

Bottom line — as of July 1, 2026

Nigri put in (he confirmed)
$1,735,557.01
You paid him (proven)
$1,537,341.84
Principal still owed
$429,287.18
Interest still owed
$92,010.55
Total still owed
$521,297.73

Money In — Mr. Nigri’s fundings

Confirmed by Mr. Nigri himself (“Correct 100%”). Not in dispute — shown here only so the running balance is complete.
DateAmountProperty
Mar 7, 2023$550,000.001415 President
Jun 12, 2023$735,557.01658 Eastern
Jul 12, 2023$100,000.00Additional advance
Jan 10, 2024$350,000.00717 Eastern Pkwy
TOTAL IN1,735,557.01

Money Out — what you paid him (click any line for proof)

$100,000.00
Oct 23, 2023
Return of capital — to Mr. Nigri’s “Meni Group”
▸ See proof (2 sources)▾ Hide proof
Source documents — click the card header again to close
“I took out the 100k.”
Menachem Nigri → CRE-PRO, Nov 1, 2023
“…you withdrew the $100,000 on 10/23/23 … the Meni Group that Gideon sent the $100K.”
M. Robbins → Nigri, Nov 2, 2023 (encl. statement)
$3,374.22
Nov 2, 2023
Dividend on the above — wired to “Meni Group”
▸ See proof (2 sources, 1 image)▾ Hide proof
Source documents — click the card header again to close
Bank
Wire to Meni Group (…1786) · from TRU LL PITTSBURGH TR (…6581) · Nov 2, 2023 · $3,374.22.
🔍 click the image to enlarge
Chase for Business wire confirmation — Txn #8016726743 (Fedwire ref 1102MMQFMP2M019141)
“Yes, please do!” → Robbins: “Sent! Below is your confirmation.”
Nigri → Robbins, Nov 2, 2023
$1,058,967.62
Jul 22, 2024
717 payoff + 1415/658 restoration — via attorney Aaron Goodman’s escrow
▸ See proof (7 sources)▾ Hide proof
Source documents — click the card header again to close
“…Aaron is doing the refinance, so he is getting all the cash from his trust account anyway. He will give you one million and 717 money…”
Gideon → Nigri, Jun 27, 2024 (how the payoff would work)
“wires just landed.” → “$867,103.42 + $191,864.20.” [ $867,103.42 + $191,864.20 = $1,058,967.62 ]
Aaron Goodman (escrow attorney), Jul 22, 2024 5:09 PM
“Good send it over to Nigri. Make sure to apply the first payment for 717 Eastern Parkway.”
Gideon Gratsiani, Jul 22, 2024 5:32 PM
“I confirm receipt of all funds due to Mr. Nigri in repayment of his investment in 717 Eastern Parkway being $401,044.00. Mazel Tov to all.”
Aaron Goodman (Nigri’s attorney), Jul 22–23, 2024
“I need to check again but is around 1.3” (from Aaron). [ $1,058,967.62 + $250,000 = $1,308,967.62 ]
Menachem Nigri — his own admission of the total received
“any news about the left over for the 1st deal?” → “100 k around.” (Only possible if ~$1.2M for that deal was paid.)
Menachem Nigri, Nov 13, 2024
Statement
“After calculating your withdrawal in the amount of $1,308,967.62…” — never disputed by Nigri.
CRE-PRO “M Nigri” statement, Sept 1, 2024 (both versions)
$250,000.00
Jul 25, 2024
Release of liens on 224-04 Francis Lewis / 1909 Ave K / 1563 Union
▸ See proof (3 sources)▾ Hide proof
Source documents — click the card header again to close
“Aron, you have permission to sign the Closings, please wire to Nagri only $250,000. I will give him the rest of the money on my next refinance… Nagri will confirm to you.”
Gideon → Aaron + Nigri group, Jul 25, 2024 1:46 PM
“…release the restrictive declaration with a payment to you of $250,000.”
Aaron Goodman → Nigri, Jul 25, 2024
“yes I do.”
Nigri → Goodman, Jul 25, 2024
$125,000.00
Sep 18, 2024
954 Utica refinance — amount Mr. Nigri retained
▸ See proof (4 sources, 2 images)▾ Hide proof
Source documents — click the card header again to close
Closing
Line item: “Negri — $125,000.00.”
🔍 click the image to enlarge
Closing allocation sheet, Sep 18, 2024 (total $892,000)
Goodman: “I need to get consent from Mendy Nigri to remove the restrictive declaration.” — Gideon: “Need to pay him 125.” → “Yes 100%.”
🔍 click the image to enlarge
Gideon ↔ Aaron Goodman, Sep 18, 2024 11:05 AM
“…I need to keep 125k for me and the rest you can give it to him and realese the ucc.”
Nigri → Goodman, Sep 18, 2024
Gratsiani: “make it 100 … pay the extra 25 next month” — Nigri: “No.”
Gratsiani ↔ Nigri, Sep 18, 2024
TOTAL PAID TO NIGRI: $1,537,341.84

Running ledger — month by month

DateEventMoney InMoney OutInterest 1%/moInterest OwedPrincipalTOTAL OWED
Mar 2023Funding from Nigri550,000.004,258.064,258.06550,000.00554,258.06
Apr 2023Interest accrues (1% of principal)5,500.009,758.06550,000.00559,758.06
May 2023Interest accrues (1% of principal)5,500.0015,258.06550,000.00565,258.06
Jun 2023Funding from Nigri735,557.019,913.3425,171.411,285,557.011,310,728.42
Jul 2023Funding from Nigri100,000.0013,468.4738,639.881,385,557.011,424,196.89
Aug 2023Interest accrues (1% of principal)13,855.5752,495.451,385,557.011,438,052.46
Sep 2023Interest accrues (1% of principal)13,855.5766,351.021,385,557.011,451,908.03
Oct 2023Paid to Nigri100,000.0013,786.433,953.441,361,741.021,365,694.46
Nov 2023Paid to Nigri3,374.2213,617.4114,196.631,361,741.021,375,937.65
Dec 2023Interest accrues (1% of principal)13,617.4127,814.041,361,741.021,389,555.06
Jan 2024Funding from Nigri350,000.0015,988.3843,802.421,711,741.021,755,543.44
Feb 2024Interest accrues (1% of principal)17,117.4160,919.831,711,741.021,772,660.85
Mar 2024Interest accrues (1% of principal)17,117.4178,037.241,711,741.021,789,778.26
Apr 2024Interest accrues (1% of principal)17,117.4195,154.651,711,741.021,806,895.67
May 2024Interest accrues (1% of principal)17,117.41112,272.061,711,741.021,824,013.08
Jun 2024Interest accrues (1% of principal)17,117.41129,389.471,711,741.021,841,130.49
Jul 2024Paid to Nigri — $1,058,967.62 (7/22) + $250,000 (7/25)1,308,967.6213,593.391,229.58544,526.68545,756.26
Aug 2024Interest accrues (1% of principal)5,445.276,674.84544,526.68551,201.53
Sep 2024Paid to Nigri125,000.004,945.901,860.24429,287.18431,147.42
Oct 2024Interest accrues (1% of principal)4,292.876,153.12429,287.18435,440.29
Nov 2024Interest accrues (1% of principal)4,292.8710,445.99429,287.18439,733.17
Dec 2024Interest accrues (1% of principal)4,292.8714,738.86429,287.18444,026.04
Jan 2025Interest accrues (1% of principal)4,292.8719,031.73429,287.18448,318.91
Feb 2025Interest accrues (1% of principal)4,292.8723,324.60429,287.18452,611.78
Mar 2025Interest accrues (1% of principal)4,292.8727,617.48429,287.18456,904.65
Apr 2025Interest accrues (1% of principal)4,292.8731,910.35429,287.18461,197.53
May 2025Interest accrues (1% of principal)4,292.8736,203.22429,287.18465,490.40
Jun 2025Interest accrues (1% of principal)4,292.8740,496.09429,287.18469,783.27
Jul 2025Interest accrues (1% of principal)4,292.8744,788.96429,287.18474,076.14
Aug 2025Interest accrues (1% of principal)4,292.8749,081.83429,287.18478,369.01
Sep 2025Interest accrues (1% of principal)4,292.8753,374.71429,287.18482,661.88
Oct 2025Interest accrues (1% of principal)4,292.8757,667.58429,287.18486,954.76
Nov 2025Interest accrues (1% of principal)4,292.8761,960.45429,287.18491,247.63
Dec 2025Interest accrues (1% of principal)4,292.8766,253.32429,287.18495,540.50
Jan 2026Interest accrues (1% of principal)4,292.8770,546.19429,287.18499,833.37
Feb 2026Interest accrues (1% of principal)4,292.8774,839.06429,287.18504,126.24
Mar 2026Interest accrues (1% of principal)4,292.8779,131.94429,287.18508,419.12
Apr 2026Interest accrues (1% of principal)4,292.8783,424.81429,287.18512,711.99
May 2026Interest accrues (1% of principal)4,292.8787,717.68429,287.18517,004.86
Jun 2026Interest accrues (1% of principal)4,292.8792,010.55429,287.18521,297.73
Jul 1, 2026BALANCE — JULY 1, 202692,010.55429,287.18521,297.73

Why this is undisputable

evidence