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  • Blueberry Funding Llc v. Park Place Partners Development, Llc aka PARK PLACE DEVELOPMENT PARTNERS LLC, Rcf Ny Llc, Nyc Department Of Transportation, Fcv Sewer & Water, Inc., S&E Bridge & Scaffold Llc, Jv Trucking & Rigging, Llc, Cashin Spinelli & Ferretti, Llc, Wsp Usa Buildings Inc., John Doe 1 To John Doe 25, said names being fictitious, the parties intended being the persons, parties, corporations or entities, if any, having or claiming an interest in or Lien upon the mortgaged premises described in the Complaint Real Property - Mortgage Foreclosure - Commercial document preview
  • Blueberry Funding Llc v. Park Place Partners Development, Llc aka PARK PLACE DEVELOPMENT PARTNERS LLC, Rcf Ny Llc, Nyc Department Of Transportation, Fcv Sewer & Water, Inc., S&E Bridge & Scaffold Llc, Jv Trucking & Rigging, Llc, Cashin Spinelli & Ferretti, Llc, Wsp Usa Buildings Inc., John Doe 1 To John Doe 25, said names being fictitious, the parties intended being the persons, parties, corporations or entities, if any, having or claiming an interest in or Lien upon the mortgaged premises described in the Complaint Real Property - Mortgage Foreclosure - Commercial document preview
  • Blueberry Funding Llc v. Park Place Partners Development, Llc aka PARK PLACE DEVELOPMENT PARTNERS LLC, Rcf Ny Llc, Nyc Department Of Transportation, Fcv Sewer & Water, Inc., S&E Bridge & Scaffold Llc, Jv Trucking & Rigging, Llc, Cashin Spinelli & Ferretti, Llc, Wsp Usa Buildings Inc., John Doe 1 To John Doe 25, said names being fictitious, the parties intended being the persons, parties, corporations or entities, if any, having or claiming an interest in or Lien upon the mortgaged premises described in the Complaint Real Property - Mortgage Foreclosure - Commercial document preview
  • Blueberry Funding Llc v. Park Place Partners Development, Llc aka PARK PLACE DEVELOPMENT PARTNERS LLC, Rcf Ny Llc, Nyc Department Of Transportation, Fcv Sewer & Water, Inc., S&E Bridge & Scaffold Llc, Jv Trucking & Rigging, Llc, Cashin Spinelli & Ferretti, Llc, Wsp Usa Buildings Inc., John Doe 1 To John Doe 25, said names being fictitious, the parties intended being the persons, parties, corporations or entities, if any, having or claiming an interest in or Lien upon the mortgaged premises described in the Complaint Real Property - Mortgage Foreclosure - Commercial document preview
						
                                

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FILED: NEW YORK COUNTY CLERK 04/10/2024 08:45 PM INDEX NO. 850651/2023 NYSCEF DOC. NO. 26 RECEIVED NYSCEF: 04/10/2024 Jeremy M. Doberman, Esq. BOCHNER PLLC 1040 Avenue of the Americas, 15TH Floor, New York, NY 10018 o 646.971.0685 e jeremy@bochner.law w bochner.law NOTICE OF DEFAULT November 9, 2023 Via Overnight Courier Park Place Development Partners LLC 31 West 27th Street, 9th Floor New York, New York 10001 Goldberg Weprin Finkel Goldstein LLP Attention: Elizabeth Smith, Esq. 1501 Broadway, 22nd Floor New York, New York 10036 Goldberg Weprin Finkel Goldstein LLP Attention: Elizabeth Smith, Esq. 125 Park Avenue, 12th Floor New York, New York 10017 Re: Loan in the principal sum of $7,500,000.00, dated June 29, 2022, as amended from time to time Property: 49-51 Park Place, New York, New York 10007 Dear Borrower: This Firm represents Blueberry Funding LLC, Your mortgagee (hereinafter the “Lender”). You are hereby notified that You, together with any applicable co-borrowers and guarantors, are in default under the terms and conditions of the above-referenced loan (hereinafter the “Loan”). The Loan is in default for failure to make interest payments when due since December of 2022, as well the failure to repay the principal of the Loan on September 15, 2023, the extended maturity date of the Loan, and therefore interest has accrued and continues to accrue, and the following amounts are due, as follows: Unpaid Principal Balance: $7,500,000.00 Interest from 12/1/22–5/31/23 (11%) $414,791.67 Default Interest from 6/1/23–11/17/23 (24%): $845,000.00 Default Fees for 7/23 and 8/23: $130,000.00 Processing Fee for 8/23 extension: $2,500.00 Credits for Amounts Paid: ($25,000.00) Total to pay off as of 11/17/23: $8,867,291.67 Accordingly, the foregoing amounts are now due and owing to the Lender (exclusive of attorneys’ fees). Please immediately submit payment by wire transfer or certified funds in the total amount stated above. Wire instructions follow for your reference. FILED: NEW YORK COUNTY CLERK 04/10/2024 08:45 PM INDEX NO. 850651/2023 NYSCEF DOC. NO. 26 RECEIVED NYSCEF: 04/10/2024 Jeremy M. Doberman, Esq. BOCHNER PLLC 1040 Avenue of the Americas, 15TH Floor, New York, NY 10018 o 646.971.0685 e jeremy@bochner.law w bochner.law Wire Transfer Instructions: Bank: JP Morgan Chase Bank NA, 16 Nassau St., Princeton, NJ 08542 Routing Number: 021000021 Name: Bochner PLLC Account Number: 899207259 Be further advised that continued failure to pay may result in the initiation of a foreclosure action and the ultimate sale of the above-referenced real property presently securing the Loan. To the extent permitted under documents evidencing the Loan and applicable law, You and any co- borrowers and guarantors may remain personally liable for any deficiency balance on the Loan remaining after said sale, including all costs and charges associated therewith. Furthermore, please note that interest at the default rate of twenty-four percent (24%) continues on a daily basis to accrue on the unpaid principal. Accordingly, if You do not pay the sum of $8,867,291.67 by November 17, 2023, Lender may take further action to collect the amounts owed to it, in accordance with the above. Please contact this office prior to making any payment, to ensure that additional amounts have not accrued. Nothing contained herein shall constitute an election of remedies or operate as a waiver or limitation of Lender’s rights and remedies, including the right to take any action with respect to any collateral securing your liabilities to the Lender, as may be permitted by the loan documents and/or applicable law. THIS FIRM IS OPERATING HEREIN AS A DEBT COLLECTOR. THIS IS AN ATTEMPT TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. If you have any questions concerning this default, please contact the undersigned (unless you have legal counsel, in which case counsel should contact the undersigned. Be guided accordingly, /s/ Jeremy M. Doberman Jeremy M. Doberman, Esq. Cc: Lender