On September 13, 2022 a
Letter,Correspondence
was filed
involving a dispute between
Fairbridge Real Estate Investment Trust, Llc
F K A Realfi Real Estate Investment Trust Llc,
and
Brookview Town House Llc
A K A Brookview Town Houses Llc,
Carl Orsini
A K A Carlos M. Orsini,
Cor Holdings Llc,
David Raven,
George Lumber & Building Material Inc.,
John Doe Company Nos. 1-100,
John Doe Corporation Nos. 1-100
And,
Key Bank
As Successor By Merger To First Niagara Bank, N.A.,
Little Falls Garden Apartments Llc,
New York State Department Of Taxation And Finance,
Robinhood Properties L.L.C.,
for Real Property - Mortgage Foreclosure - Commercial
in the District Court of Montgomery County.
Preview
SAHN WARD BRAFF KOBLENZ PLLC
ATTORNEYS AT LAW
THE OMNI
333 EARLE OVINGTON BOULEVARD
SUITE 601
UNIONDALE, NEW YORK 11553
TELEPHONE: (516) 228-1300
TELECOPIER: (516) 228-0038
E-MAIL: INFO@SAHNWARD.COM
WWW.SAHNWARD.COM
ANDREW M. ROTH
Partner
arothfhsahnward.com
May 11, 2023
VIA NYSCEF
Chambers of the Hon. Felix J. Catena
Supreme Court of the State of New York
County of Montgomery
Montgomery County Courthouse
P.O. Box 1500
Fonda, New York 12068
Re: Fairbridge Real Estate Investment Trust f/k/a Realfi Real Estate
Investment Trust LLC v. Little Falls Garden Apartments LLC, et
al. (Montgomery County Supreme Court Index # EF2022-477)
Dear Honorable Judge Catena:
As you are aware, this firm represents the Plaintiff, Fairbridge Real Estate Investment
Trust, LLC f/k/a Realfi Real Estate Investment Trust LLC, in the above-referenced foreclosure
action.
During the last virtual conference with the Court on April 21, 2023, the parties were
directed to advise the Court of the status of settlement negotiations. While the Plaintiff's
representatives have personally met with Defendant, David Raven, to discuss a settlement of
action, to date, no settlement has been reached. The Plaintiff is presently finalizing a proposed
settlement agreement to be forwarded to Mr. Raven's attorney for approval.
However, based on Mr. Raven's failure to timely respond to Plaintiff's requests for
documentation and information, remit promised payments of money, as well as significant
questions concerning the veracity of Mr. Raven's representations to the Plaintiff concerning his
ability to satisfy the subject mortgage loan, Plaintiff is skeptical that a settlement will be
finalized.
NEW YORK CITY OFFICE " THE CHRYSLER BUILDING " 405 LEXINGTON AVE. 26TH FL, NEW YORK, NY 10174 TELEPHONE
(212) 829-4375
SUFFOLK OFFICE " 1300 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE, NY 1 1788 TELEPHONE (631) 203-4900
SAHN WARD BRAFF KOBLENZ PLLC
Hon. Felix J. Catena
May 11, 2023
Page 2
Should the Court have any questions or concerns on this matter, please reach out to the
undersigned.
Respec y submitted,
And w M. Roth
AMR:tjm
cc: All Counsel Via NYCEF
Fairbridge Real Estate Investment Trust, LLC
Document Filed Date
May 11, 2023
Case Filing Date
September 13, 2022
Category
Real Property - Mortgage Foreclosure - Commercial
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SAHN WARD BRAFF KOBLENZ PLLC ATTORNEYS AT LAW THE OMNI 333 EARLE OVINGTON BOULEVARD SUITE 601 UNIONDALE, NEW YORK 11553 TELEPHONE: (516) 228-1300 TELECOPIER: (516) 228-0038 E-MAIL: INFO@SAHNWARD.COM WWW.SAHNWARD.COM ANDREW M. ROTH Partner arothfhsahnward.com May 11, 2023 VIA NYSCEF Chambers of the Hon. Felix J. Catena Supreme Court of the State of New York County of Montgomery Montgomery County Courthouse P.O. Box 1500 Fonda, New York 12068 Re: Fairbridge Real Estate Investment Trust f/k/a Realfi Real Estate Investment Trust LLC v. Little Falls Garden Apartments LLC, et al. (Montgomery County Supreme Court Index # EF2022-477) Dear Honorable Judge Catena: As you are aware, this firm represents the Plaintiff, Fairbridge Real Estate Investment Trust, LLC f/k/a Realfi Real Estate Investment Trust LLC, in the above-referenced foreclosure action. During the last virtual conference with the Court on April 21, 2023, the parties were directed to advise the Court of the status of settlement negotiations. While the Plaintiff's representatives have personally met with Defendant, David Raven, to discuss a settlement of action, to date, no settlement has been reached. The Plaintiff is presently finalizing a proposed settlement agreement to be forwarded to Mr. Raven's attorney for approval. However, based on Mr. Raven's failure to timely respond to Plaintiff's requests for documentation and information, remit promised payments of money, as well as significant questions concerning the veracity of Mr. Raven's representations to the Plaintiff concerning his ability to satisfy the subject mortgage loan, Plaintiff is skeptical that a settlement will be finalized. NEW YORK CITY OFFICE " THE CHRYSLER BUILDING " 405 LEXINGTON AVE. 26TH FL, NEW YORK, NY 10174 TELEPHONE (212) 829-4375 SUFFOLK OFFICE " 1300 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE, NY 1 1788 TELEPHONE (631) 203-4900 SAHN WARD BRAFF KOBLENZ PLLC Hon. Felix J. Catena May 11, 2023 Page 2 Should the Court have any questions or concerns on this matter, please reach out to the undersigned. Respec y submitted, And w M. Roth AMR:tjm cc: All Counsel Via NYCEF Fairbridge Real Estate Investment Trust, LLC