Deutsche Bank has filed suit against Sochin Downtown Realty and Morgan’s Hotel Group to foreclose on $196 million in loans backed by the Mondrian Soho. Deutsche Bank, in the Jan. 16 suit filed in New York State Supreme Court, alleged that Sochin defaulted after failing to make a payment on Nov. 15, the extended maturity date on the loans. According to the suit, Sochin originally took out three loans with CapitalSource Finance in July 2007, [more]![]()
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