Turrett Equities files to foreclose on $23.5M AB Capstone loan in Bellerose
251-77 Jericho Turnpike (Credit: Google)
Turrett Equities files to foreclose on $23.5M AB Capstone loan: Turrett Equities filed to foreclose on a loan with an original principal of $23.5 million secured by AB Capstone’s office building at 251-77 Jericho Turnpike in Bellerose, Queens. Turrett bought the note in February 2022, as PincusCo reported at the time.
Turret Equities through the entity 25177 Jericho Note Holder 2 LLC bought the note with an original principal of $23.5 million from Jovia Financial on February 18, 2022 and the purchase was recorded on March 7, 2022. The prior lender was Jovia Financial which held debt that had an original loan amount of $23.5 million.The property has 84,352 square feet of built space according to PincusCo analysis of city data.
AB Capstone built the commercial office building. LINK