building at 677 West End Avenue

There were five deals done in the building last year and I'm going to assume that they werent exclusively all cash. Perhaps have your broker contact the Brokers involved in those deals and ask what they did.

I am curious why the sponsor disclosure forms are needed. I thought all that is needed is the percentage ownership of the sponsor and any overdue amount which managing agent should have.

They may be concerned that the sponsor isn't filing the annual sponsor disclosure amendment as required by law?

Thank you.

Looks like this one. I am guessing that a bank can ignore this if the sponsor is not overdue on any of the charges. http://www.nytimes.com/1990/04/01/realestate/new-rules-set-for-sponsor-disclosures.html