Hungerford and Haruvi face foreclosure on loans worth $173.4M

Two of New York’s most prominent multifamily landlords have been hit with two foreclosure suits targeting their portfolios.  Lenders filed for foreclosure on two portfolios connected to investors Peter Hungerford and Arthur Haruvi. The portfolios together comprise 31 multifamily buildings in Manhattan. Entities associated with Hungerford and Haruvi took out a total of $173.4 million in loans against the two portfolios, but didn’t pay them back by their June maturity date. Hungerford said he was “shocked” the lenders filed the suits, saying the investors were in the midst of negotiating mezzanine financing and an extension to the loans. “I can’t […] This article originally appeared on The Real Deal. Click here to read the full story.