Moinian Debt in Downtown New York W Hotel Said to Be Sold to Iron Point
Iron Point Titan Ventures LLC , a real estate private-equity firm, bought defaulted debt tied to downtown Manhattan’s W Hotel, according to a person briefed on the transaction.

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The property has a value of $ 300K and the lien for $ 375k (more than the value of the property). I was close to closing and then receive the title search revealed the tax lien. I also claims I can do against the agent of the seller (the seller apparently illiquid).