A borrower has accused Maverick Real Estate Partners of muddying the waters of a loan extension to foreclose on a property. Now, the borrower has notched a temporary win with a court ordering the lender to halt any foreclosure. The borrower, connected to Hilson Management and the Schwalbe family, owes a Maverick affiliate $41 million. But when the borrower tried to extend the loan, Maverick’s affiliate allegedly engaged in “vulturous tactics” — agreeing to take a $400,000 fee to settle the issue, taking the money and then refusing to hold up its end of the bargain, according to the complaint. […]
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