#personal-guarantee

[ follow ]
#deficiency-judgment #foreclosure #appraisals #loan-to-own-scheme #ein-only-cards #business-credit
NYC real estate
fromHoodline
10 hours ago

Eli Karp Reprieve In $15M East Flatbush Guarantee Case

A judge vacated a $15 million personal guarantee tied to a Brooklyn rental building, restoring the ability to contest a deficiency judgment and mount a late defense.
fromtherealdeal.com
6 months ago

The Daily Dirt: A restaurant lease and a stroke of bad luck

When Keith McNally suffered a major stroke in 2016, the famed restaurateur behind Pastis, Balthazar and Minetta Tavern feared his career and his body had collapsed for good. To make matters worse, the man who once ruled New York's dining scene suddenly found himself trapped in a business deal he could no longer execute. He'd leased a Meatpacking District space to reopen his iconic restaurant Pastis, backed by a $1 million personal guarantee.
Real estate
[ Load more ]