With lenders like this, who needs enemies? That sums up the case brought by the owner of the ritzy Mark Hotel against Ohana Real Estate Investors, which scheduled a foreclosure sale of the Upper East Side establishment after two payments were missed on its $35 million mezzanine loan. So far, the courts have sided with the hotel owner, Alexico Group, a Manhattan-based luxury condominium and hotel developer, over California-based Ohana, according to reports by Bisnow.
source https://therealdeal.com/2020/07/07/judge-hotel-foreclosure-sale-is-off-the-mark/
No comments:
Post a Comment