In May, Delshah Capital’s distressed-debt strategy was tripped up when a judge dismissed two foreclosure suits against Jack Terzi’s JTRE Holdings. That decision hinged on a technicality — Terzi had only been given 10 days to fill up the balance in a cash collateral account, when he should have been given 30. But that wasn’t the end of the story for Delshah. Last Thursday, Michael Shah’s firm filed a new lawsuit to foreclose on JTRE’s […]
source https://therealdeal.com/2019/08/05/take-two-after-dismissal-delshah-strikes-back-with-second-foreclosure-suit-against-terzis-nomad-retail-condo/
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