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HFZ, Ziel Feldman Sued for Default on Upper East Side Loan
Summary
Another day, another lawsuit for HFZ Capital Group and its founder, Ziel Feldman. Great Neck, New York–based W Financial REIT is suing an affiliate of HFZ and Feldman for defaulting on a loan tied to five Upper East Side properties. W Financial REIT provided the $43.6 million loan in February for five properties: 150, 152 and 154 East 79th Street, and 1131 and 1135 Lexington Avenue.
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