Maverick Real Estate Partners principal David Aviram and the buildings to be sold. (Rosewood Realty Group)
The lengthy saga between lender Maverick Real Estate Partners and landlord Chaskiel Strulovitch could be nearing an end.
Of Strulovitch’s 31-building portfolio, 13 properties are up for sale while loans on the rest of the portfolio are either being reinstated or paid off, according to David Goldwasser, the chief restructuring officer handling the Chapter 11 bankruptcy.
The dispute, which involves 18 entities connected to Strulovitch’s Brooklyn multifamily portfolio, goes back to 2017, when Maverick purchased just under $40 million in loans backed by the properties from Signature Bank. Within six months, Maverick initiated foreclosure proceedings, claiming the landlord was in default due partly to the fact that he wasn’t the sole owner of the properties. (The ownership dispute was at the core of a separate federal suit filed by four investors who alleged Strulovitch was running a Ponzi scheme.)