SKW Funding, Bain file to foreclose on $42M in loans in Hudson Yards, Soho

SKW Funding and Bain Capital Credit through the entity SKW-B Acquisitions Seller C, LLC, filed six commercial foreclosure actions yesterday in New York State Supreme court on eight properties secured by six different loans with an original mortgage principal of $42 million. All the borrowers were related to George and Thomas Makkos, the guarantors on the loans.
Five of the properties are in Hudson Yards, at 356 West 37th Street and 478 Ninth Avenue; 472 Ninth Avenue; 474 Ninth Avenue; and 476 Ninth Avenue. The other three properties were in Soho at 65 Greene Street and 67 Greene Street; and 79 Mercer Street. (Court links are on each of the addresses.)