A Wells Fargo-managed trust is looking to foreclose on a 618-unit co-op development in Astoria after its owners failed to make a loan payment. French bank Natixis issued a $45 million mortgage in April 2017 on Acropolis Gardens, the 16-building complex bordered by Ditmars Boulevard, and 33rd and 34th streets. The debt was pooled into a securitized trust managed by Wells Fargo, according to court documents, with monthly repayments of $13,596. But the Wells Fargo-managed […]
source https://therealdeal.com/2018/10/02/a-618-unit-apartment-complex-in-astoria-is-facing-foreclosure/
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