Mordechai Weiss, a multifamily investor from Monsey, NY, has been charged with conspiracy to commit wire fraud by the New Jersey Attorney’s Office. A plea agreement hearing is scheduled for April 9 in Trenton, indicating potential negotiations with prosecutors.
“Agents are being told they have to pre-negotiate their split ahead of time, which translates to less wiggle room in the final hour of a deal.”
“Everyone expected a race to the bottom. Instead, you’re seeing a flight to quality.”
“After two (2) years of active negotiations, the ground lessor reneged on a deal to modify the ground lease in keeping with today’s values of similarly situated buildings.”
“The lender is seeking a deficiency judgement to make Hackman and Hackman Capital responsible for any difference between the loan amount and what the property can get at auction if a foreclosure goes t...”
End of Intelligence Report · 1 Sources Verified