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Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case

Back in the spring, lender Maverick Real Estate Partners lost a foreclosure case it filed against the owner of a Chelsea apartment building. But the legal battle isn’t over. Landlord Andreas Steiner claims in a new lawsuit that Maverick continues to charge punitive default interest at the rate of 24 percent a year — or, as of May 30, about $ 1.4 million — even though Maverick’s case was dismissed. “We are confident that Justice [Arlene] […]


The Real Deal New York

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