"In early 2017, Ying Vivian Ding began working on a deal with Nicholas Mastroianni and HFZ Capital to buy two condos in The Bryant, a luxury building across from Bryant Park, for $11.5 million. However, complications arose when Mastroianni claimed that Ding had never filed the necessary documents to finalize the purchase, leading to a legal dispute."
"Manhattan Supreme Court Justice Jennifer Schecter determined that Bryant Park Funding 100 LLC was not the legitimate holder of the condos' mortgage. The court found that HFZ and Mastroianni had treated Ding's LLC as the owner and had waived the requirement for her to file paperwork, resulting in the decision to void the mortgage."
A New York appellate judge awarded Ying Vivian Ding ownership of two condos in a Midtown skyscraper after canceling the mortgage held by Bryant Park Funding 100 LLC. Ding invested $11.5 million in the condominium project but faced issues when her partner claimed she had not finalized the purchase. The court found that the mortgage holder was not legitimate and that the developer had treated Ding's LLC as the property owner, leading to the decision to transfer ownership to her.
Read at www.amny.com
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