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
This is a real piece of found poetry!
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