CMBS Investors Sue To Block Loan Purchase
Angelo Gordon, Winthrop Realty Trust and other investors in commercial mortgage-backed securities have gone to court to block Galante Holding from buying a $150 million loan for less than $85 million in what they call “a brazen scheme…to steal more than $60 million in value from a group of senior lenders,” according to a filing in New York State Supreme Court.
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