Rialto comes at the King: Servicer moves to foreclose on Jeff Sutton
2 Articles
2 Articles
Wharton Properties Faces Foreclosure From Rialto at 144 Fifth Avenue
Jeff Sutton’s Wharton Properties has been hit with a pre-foreclosure filing at its retail co-op in the Flatiron District. Wharton is facing foreclosure at the retail co-op at 144 Fifth Avenue after defaulting on an $8 million loan for the property, according to a recent filing by loan servicer Rialto Capital Advisors in New York County Supreme Court. Rialto claimed in the filing that Sutton failed to pay off his debt in full by February 2024 and…
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