The residents of a Harlem co-op were in a bind. The building had been part of a city initiative that allowed low-income renters to become homeowners, but it was falling apart. Its loan was in default, and a lender was seeking to foreclose. The long-time residents feared they would lose their homes. Then the lender, a company controlled by Manhattan-based Maverick Real Estate Partners, bought an additional lien — a default judgment for the building’s
The residents of a Harlem co-op were in a bind. The building had been part of a city initiative that allowed low-income renters to become homeowners, but it was falling apart. Its loan was in default, and a lender was seeking to foreclose. The long-time residents feared they would lose their homes. Then the lender, a company controlled by Manhattan-based Maverick Real Estate Partners, bought an additional lien — a default judgment for the building’s
The post Inside Maverick Real Estate’s bag of tricks appeared first on The Real Deal New York. Commercial Real Estate, Home Page, bankruptcy, Chaskiel Strulovitch, Distress, joseph chetrit, Lenders, Maverick Real Estate Partners The Real Deal New York
Lead by real estate veteran Robert Khodadadian, Skyline Properties has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
