NEW YORK NOTES

Address


UPB


COMMENTS

W. 127th St.

New York, NY




$6,000,000


Due for Sept. 2011; Matures 05/2014; Rate-5%; Foreclosure commenced- awaiting expiration of time to answer; receivership application pending. Three storeys with basement building with about 21,000 square feet of mixed use/office space.

West 142nd St.

New York, NY


$1,945,231


Due Jan. 2010. Matures 09/2010; Rate- 10%; Foreclosure commenced contesting answer filed; preparing motion for summary judgment. Foundation only construction project which proposed 26 residential condo units with 17 parking spaces. Participation loan with CPC.

Beach 25th St.

Queens, NY


$ 22,825,000


Due for Feb 2010. Matured 06/2010; Rate-7.5%. Foreclosure commenced-Bank's motion for summary judgment pending. 125 unit development with TCOs and completed. Participation with CPC and other lenders.



E. 8th St.

Brooklyn, NY


$3,088,056


Due for June 2010. Matured 12/2011; Rate-5.5%. Foreclosure commenced. Newly constructed 7 storey elevator residential condominium containing 12 units, 6 parking spaces and full basement. Project is more than 90% complete. Participation with Valley National Bank.

Grace Avenue,

Bronx, NY


$4,597,000


Due for March 2010. Matured 05/2010. Rate-3.5%.

Foreclosure commenced and receiver appointed; Borrower filed for bankruptcy. Construction more than 90% complete. CO's have not been issued for all units. Eleven, 2 family homes located in Baychester area of the Bronx.

Saratoga Avenue

Yonkers, NY


$375,000


Due for November 2010. Matures 08/2023; Rate-6%. Foreclosure commenced. Three storey and basement walk-up apartment building with four units.







Further information is available for qualified buyers with NCND.

(DOC) NON Disclosure Agreement (NCND) - General.lnk
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