An obscure real estate investor who poured $ 66 million into an ultraluxury condo tower rising on Billionaire's Row has lost a last-gasp attempt to hold onto his stake in the project. A New York state appellate court rejected a request for a restraining order by Richard Bianco's firm AmBase to block a foreclosure by one of the project's mezzanine lenders, Spruce Capital.
A real estate attorney who asked to remain anonymous said it's clear the project is in trouble, but predicted it would still be completed. A skinny skyscraper under construction on Billionaire's Row in Midtown is at risk of foreclosure because of “egregious oversights,” including the failure to budget for construction cranes, a new lawsuit charges….
Incenter Mortgage Advisors is putting up for bid a $ 712.8 million package of government-sponsored enterprise and Ginnie Mae mortgage servicing rights concentrated in the Southeast. While California often dominates larger MSR packages, the largest percentage of loans in this portfolio are concentrated in Tennessee , followed by Georgia , Kentucky , North Carolina and…
Longtime Donald Trump associate Michael Cohen attempted to foreclose on a loan just before the 2016 election, The Wall Street Journal reported Tuesday . The foreclosure step sought $ 3.8 million from Christophe Escoffier, a foreign investor who bought Cohen out of a Manhattan condominium. Foreclosure News
The 24,000-square-foot home on five walled acres has been on and off the market since at least 2013, when it was listed for $ 39 million. After several price cuts , the most recent in November, it is now marketed at $ 17 million. Foreclosure News
The Lone Star Brewery will not be sold at foreclosure auction on Tuesday after all, even after its owner defaulted on a $ 7.4 million loan, according to two people involved in the property. The Lone Star Brewery will not be sold at foreclosure auction on Tuesday after all, even after its owner defaulted on…
Link to Fitch Ratings' Report: London Wall Mortgage Capital Plc – Series Fleet 2017-01 here LONDON, July 27 Fitch Ratings has assigned London Wall Mortgage Capital Plc Series Fleet 2017-1 notes expected ratings as follows: Class A: 'AAA sf', Outlook Stable Class B: 'AA sf', Outlook Stable Class C: 'A sf', Outlook Stable Class Z:…
