By Matthew Russell Lee, Patreon Maxwell book
SDNY COURTHOUSE, Feb 4 – Wells Fargo sued Shulem Green of Brooklyn, New York, on a $6.5 million loan.
On February 3, 2023 U.S. District Court for the Southern District of New York Judge Lewis J. Liman held a proceeding. Inner City Press covered it.
Wells had sued as Trustee for the Benefit of the Registered Holders of UBS Commercial Mortgage Trust 2018-C11, Commercial Mortgage Pass-Through Certificates, Series 2018-C11.
But now it was said that the loan has been sold, to a third party purchaser, BTC Capital LLC.
Judge Liman ruled that the parties much show cause by March 3 why the case should not be dismissed for failure to prosecute, if by that date the Purchaser has not appeared in the case and no motion for substitution has been filed.
The case is Wells Fargo Bank, National Association, as Trustee for the Benefit of the Registered Holders of UBS Commercial Mortgage Trust 2018-C11, Commercial Mortgage Pass-Through Certificates, Series 2018-C11 v. Green, et al., 22-cv-4351 (Liman)
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