Turret takes over debt on troubled Upper East Side condo buildings

David E. Dweck’s Turret Equities has acquired distressed debt tied to two Upper East Side condo buildings with a checkered ownership history. The buildings, 184 East 64th Street and 227 East 67th Street, have been owned by multiple people accused or convicted of fraud over the past decade. Their current owner, Continuum Analytics, defaulted on its loans and is facing foreclosure by its lender, Preferred Bank. Now, Turret Equities has purchased a $19.9 million note from Preferred, secured by the pair of buildings. The purchase expands Turret’s portfolio of Upper East Side debt, having acquired a $15.5 million note in […]

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