Debt | Residential 621 Greenwich Street

621 Greenwich Street


NEIGHBORHOOD:

Tavros purchased a series of non-performing notes secured by 621 Greenwich Street a prime development site located in the West Village, one of New York City’s most highly sought after residential neighborhoods

The property became distressed as a result of the financial crisis of 2008. Tavros acquired the notes at a 20% discount to their initial redemption value and was ultimately able to increase final redemption value by 15% through a court order resulting from Tavros’ legal efforts.

Tavros Holdings and DHA Capital acquired the notes in September 2013, which were subsequently repaid in May 2014.


Other Properties in Residential

621 Greenwich Street


NEIGHBORHOOD:

Tavros purchased a series of non-performing notes secured by 621 Greenwich Street a prime development site located in the West Village, one of New York City’s most highly sought after residential neighborhoods

The property became distressed as a result of the financial crisis of 2008. Tavros acquired the notes at a 20% discount to their initial redemption value and was ultimately able to increase final redemption value by 15% through a court order resulting from Tavros’ legal efforts.

Tavros Holdings and DHA Capital acquired the notes in September 2013, which were subsequently repaid in May 2014.