Mack Real Estate sues for $566M over Fortis project loans – Robert Khodadadian

Fortis Property Group’s beleaguered One Seaport condominium project in Lower Manhattan is facing more legal trouble, this time over a mezzanine loan that the lender claims is fraudulent. Mack Real Estate is accusing Fortis and the 161 Maiden Lane project’s senior lender, Bank Leumi USA, of fraud in connection with the $66 million loan, according to a lawsuit filed Thursday. The suit also names Harel Insurance Company and Valley National Bank, which acquired Bank Leumi

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, Bank Leumi, Fortis Property Group, Real Estate Lawsuits, Real Estate Loans The Real Deal New York Read More

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