Preferred Bank has begun foreclosing on Michael Paul Enterprises’ condominium building at 184 East 64th Street, according to court documents. The California state chartered bank has a $22 million mortgage on the property, and president and CEO Michael Paul D’Alessio defaulted on the loan in February, according to a lawsuit the bank has filed against him. He still owes the bank $21.9 million, along with interest and fees, the suit says. Earlier in April, investors […]
source https://therealdeal.com/2018/04/27/preferred-bank-foreclosing-on-michael-paul-enterprises-ues-condo-building/
No comments:
Post a Comment