Skip Navigation
StreetEasy Logo

HFZ Property Foreclosure

Started by ToRenoOrNotToReno
over 5 years ago
Posts: 119
Member since: Jul 2017
Discussion about
Will be interesting to see how this impacts the heretofore "aspirational" pricing on these refurbished condos... certainly not going to be the first or the last one, either. https://twitter.com/Molson_Hart/status/1305645039486410752/photo/1
Response by 30yrs_RE_20_in_REO
over 5 years ago
Posts: 9877
Member since: Mar 2009

Seems like he's been stretching more and more on each project.

Ignored comment. Unhide
Response by 30yrs_RE_20_in_REO
about 5 years ago
Posts: 9877
Member since: Mar 2009

https://therealdeal.com/2020/10/16/starwood-suing-hfz-for-157m-over-co-op-conversion-loan-default/

Ignored comment. Unhide
Response by ToRenoOrNotToReno
about 5 years ago
Posts: 119
Member since: Jul 2017

There was an interesting quote a few weeks ago from a commercial real estate broker who specializes in restructurings / workouts of developer loans: “We’re not even in the first inning yet... we’re warming up in the batters box.”

Ignored comment. Unhide
Response by Elmosam
about 5 years ago
Posts: 12
Member since: Dec 2016

Does anyone have any insight as to what this means for the current residents of the Chadsworth?

Ignored comment. Unhide

Add Your Comment

Most popular

  1. Losses on Manhattan condos
    52 Comments
  2. 55% of New Yorkers won't
    23 Comments
  3. NYC mayor
    27 Comments
  4. 35 Sutton Place...coming soon
    81 Comments
  5. Bought in 2012, selling now at 100+mm dollar loss
    25 Comments