Wells Fargo filed a foreclosure action Monday in New York Southern District Court against the owners of New York’s The Standard, High Line hotel. The bank, represented by Venable, alleges that GC SHL LLC owes at least $186 million pursuant to a loan originated in 2017 and has failed to make payments since May 2020. The suit seeks to extinguish the defendant’s estate, right, title, and interest in the property. The case is 1:21-cv-08940, Wells Fargo Bank, National Association v. GC SHL, LLC et al.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
