Four of HFZ’s condo loans being shopped in foreclosure sale

Junior mezzanine positions on four of HFZ Capital’s New York condominium projects are being marketed through a foreclosure sale, The Real Deal has learned, a possible sign of the distressed deals that investors have been anticipating. Marketing materials from Newmark Knight Frank reviewed by TRD show that four junior mezzanine loans are being offered for a combined $89.5 million through a UCC foreclosure sale. The loans are tied to four of HFZ’s luxury condo properties

source https://therealdeal.com/2020/09/15/four-of-hfzs-condo-loans-being-shopped-in-foreclosure-sale/