Hans Futterman is heeding the adage, “Follow the money.” The developer is trying to build a paper trail that he believes will show his lender, Ari Shalam’s RWN Real Estate Partners, held a sham bankruptcy auction last year for his Harlem development site, court records show. Futterman alleges that RWN and the bankruptcy case’s wind-down officer worked to chase off potential bidders who would pay a fair-market price for the property. The developer further claims […]
source https://therealdeal.com/2018/07/03/futterman-claims-rwn-ran-roughshod-over-sham-auction-for-distressed-harlem-site/
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