Nitya Article - Interesting Read
https://www.multifamilydive.com/news/nitya-capital-special-servicing-multifamily-debt/822519/
Speaks in detail about Nitya and their issues. Looks like they keep buying time through forebearances. What I find wild is that towards the end this guy claims he's loan the properties $70M of his own money? If true, this guy milked the heck out of his portfolio in fees.
Such a moron as all these syndicators are
Why put your own money into these deals
Just walk away
That’s how you know all of them are so stupid
Ipsa animi eveniet eum repellat. Qui corporis aperiam aut veniam aut exercitationem. Debitis beatae aperiam quaerat odio vel.
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