Months after defaulting on a $68 million mortgage and failing to secure refinancing, Toby Moskovits’ Heritage Equity Partners is set to see management of its Williamsburg Hotel taken over by a temporary receiver. The New York County Supreme Court approved lender Benefit Street Partners’ request for a receiver earlier this month, court documents show. Both parties have until month’s end to propose a candidate for that role, and a receiver will be selected on Nov.
source https://therealdeal.com/2019/10/30/toby-moskovits-williamsburg-hotel-is-headed-for-receivership-following-68m-loan-default/
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