Property manager CWCapital Asset Management LLC
A client Stuyvesant Town
Start Date 2010-00-00
Amount 15,000,000 USD
Goods CW has managed the 11,000-unit Stuyvesant Town-Peter Cooper Village development on bondholders’ behalf since 2010. According to documents in an unrelated lawsuit, CWCapital and Fortress had reaped $7.5 million a year in special servicing fees for running Stuyvesant Town, a total of $45 million over the last six years. They would gain an additional $15 million as a liquidation fee for the sale of Stuyvesant Town.
Notes CW took title to the property June 3, 2014, by exercising a deed in lieu of foreclosure.
Updated over 8 years ago

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