Latest / Real Estate News Today | 2 Min News | The Daily News Now!
SME Capital Settles Condo Mess | Real Estate News
SME Capital, a lender that took over a luxury Hudson Yards condo building after developers defaulted, got hit with a $700K+ settlement for neglecting the property — collecting rent but skipping maintenance, unpaid fees, and critical fire safety upgrades. The AG’s office forced them to reimburse owners for securing permits, pay penalties, fix life-threatening systems, and cover fines — all while residents lived in unsafe conditions. This isn’t SME’s first rodeo; they’ve faced lawsuits before, and AG James is clearly targeting shady real estate practices across the board. Listen in comfort:Get…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.