Two landlords say they overcame pandemic, but lender begs to differ – Robert Khodadadian

Two and a half years later, Covid is still spitting out real estate casualties. The latest are Brooklyn-based investor Allen Stein and his lender, Customers Bank. Late last week, Customers sued Stein and his co-guarantor Leopold Schwimmer to foreclose on two Upper Manhattan rental buildings, claiming their nearly $12 million mortgage was in default. The borrowers on the mortgages at 517 West 180th Street and 570 West 182nd Street had tried to beat the Pennsylvania-based

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, Banking, defaults, Multifamily Real Estate, Real Estate Lawsuits The Real Deal New York Read More

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