Church seeks to escape hellish partnership with HFZ – Robert Khodadadian

Marble Collegiate Church thrived for nearly 400 years. Then it made a deal with HFZ Capital Group. The church partnered with the beleaguered New York City developer in 2013 to build a tower next to the church, in NoMad on the corner of West 29th Street. By late 2020, HFZ had defaulted on $205 million in loans and was engulfed in foreclosures and lawsuits. A year later, Vanbarton Group, the mezzanine lender, foreclosed on the

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Development, HFZ Capital, nonprofit, NYC Churches, Real Estate Lawsuits The Real Deal New York Read More