Lender Deutsche Bank has filed a foreclosure complaint against Kaufman Astoria Studios and its owner Hackman Capital Partners alleging the historic sound stage is in default on a loan that was due to be paid in full last fall.
The loan, from 2021, was for $340 million. Deutsche Bank’s complaint, filed in New York State Supreme Court for Queens County, puts the outstanding balance at $359 million as of March 26 including principal, accrued interest, late payment charges and exit fees.
The maturity date was Nov. 9, 2025 but no payment was made, it said.
“In light of the Maturity Default, Agent seeks to enforce the terms of the Loan Documents and to foreclose upon the Mortgage,” the filing says. It also asked for “a deficiency judgment and related relief against Borrower and the guarantors of the Loans … to the extent the proceeds of the
...Keep reading this article on DEADLINE.
