$150MM+ Condo Development Bankruptcy Advisory | New York, NY

Retained by defendant Gamma Real Estate’s counsel, Kramer Levin, to render expert witness opinions on the conscionability of the interest rate charged and indicia of a loan-to-own scheme in U.S. Bankruptcy Court for the Southern District of New York.


Client was involved in a high-stake litigation with a borrower who defaulted on an acquisition/predevelopment loan secured by 428-432 East 58th Street, NYC. The borrower originally intended to develop a 314,000-gross-buildable-square-foot, 80-unit, ultra-luxury condominium property. However, multiple capitalization strategies and deteriorating market conditions impeded the borrower from moving forward, leading to a maturity default and subsequent bankruptcy filing.
$150MM+ Condo Development Bankruptcy Advisory | New York, NY


Leveraged a unique blend of academic and work experience to prepare a Declaration and Expert Report. Presented to the Bankruptcy Judge, challenging and disqualifying the plaintiff’s claims. The case ruled in favor of the defendant as a result of its total arguments.

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