News & Resources

Eric Goldberg Closes Purchase of Bankrupt Property for Bonjour Capital

May 23, 2013

The Real Deal and Real Estate Weekly (which quotes Olshan Partner Eric Goldberg) reported that Olshan client Bonjour Capital took title to 333 Greene Avenue, Brooklyn, New York from two bitterly fighting debtors. Originally, Olshan represented Banco Popular in a mortgage foreclosure action against the debtors. After achieving summary judgment, Banco sold the mortgage to a third party. Olshan represented Bonjour in the purchase of the mortgage from that third party, then moved to lift the stay. After negotiating with the debtors, Bonjour took title through a plan of reorganization. The deal will allow the new owner to proceed with the 57-unit rental project, which has been on hold for six years. Partner Eric Goldberg represents Bonjour Capital and its principal Charles Dayan and was assisted in the deal by Adam Friedman and Peter Sartorius.