WeWork’s first investor, who pledged his stock in the company as collateral on loans, is being accused of short-changing his lenders. Joel Schreiber, a landlord whose firm Waterbridge Capital owns a vast portfolio of buildings in New York, used his stake in WeWork and properties he owned to back loans totalling almost $3.3 million, which he later defaulted on, according to two lawsuits filed Thursday. One plaintiff, Vikram Kuriyan, says that he provided Schreiber with
source https://therealdeal.com/2019/10/11/weworks-first-investor-used-his-stock-as-collateral-now-his-lenders-are-suing-him/
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