Gamma Real Estate, the mezzanine lender on the beleaguered condominium project at 3 Sutton Place, is suing real estate investors Philip, Michael and Seth Pilevsky, alleging they helped developer Joseph Beninati to file for bankruptcy at the project in order to take a piece of it. In June 2015, Gamma lent Beninati's Bauhouse Group about $ 147 million to fund the planned 113-unit, 68-story condo tower.

Foreclosure News



Leave a Reply

Your email address will not be published. Required fields are marked *