Some big news about loans and buildings in New York City! A group called Community Stabilization Partners is taking legal action against some landlords who owe a lot of money. It's like when you borrow money from a bank, but on a much bigger scale, involving entire buildings.
- Landlords who didn't pay back loans are facing foreclosure.
- Foreclosure means the bank or lender can take over their buildings.
- Two landlords, Madison Realty Capital and Ved Parkash, owe a lot of money.
| Landlord | Amount Owed |
|---|---|
| Madison Realty Capital | $157 million |
| Ved Parkash | $20 million |
This is a complex situation, but it shows how important it is for people to pay their debts.
