Distressed Harlem site heading to bankruptcy auction

Developer Hans Futterman’s vacant site at 300 West 122nd Street, which fell into foreclosure last year,  has hit another snag. After Futterman defaulted on a $36 million loan, the site is now headed to a bankruptcy auction, according to an offering memorandum obtained by The Real Deal. The lender, Ari Shalam’s RWN Real Estate Partners, had forced the scheduling of a foreclosure auction in late November, but that was delayed. Days later, in December, Futterman’s […] Read More >> https://therealdeal.com/2017/04/24/distressed-harlem-site-heading-to-bankruptcy-auction/