Landlord targeted by Mamdani facing foreclosures on $36 million in loans

A New York landlord targeted by Mayor Zohran Mamdani is facing tens of millions of dollars in foreclosure cases.  Rajmattie Persaud is connected to four foreclosure cases tied to about $36 million in loans from the former Signature Bank, according to complaints filed this month in Queens County Supreme Court.  The foreclosure comes as Persaud’s Fordham Fulton Realty is battling the city over more than $31 million in court-ordered penalties and fees tied to housing code violations. The company has filed for bankruptcy. The foreclosure complaints cover four tax lots containing 262 apartments, according to city records. The addresses are […]

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