The day before Christmas Eve, Meyer Chetrit’s interests in two holding companies were quietly auctioned off.  The highest bidder was an entity of aggressive lender Maverick Real Estate Partners. The affiliate had foreclosed on Chetrit, won a $132 million judgment, and had set about getting paid by garnishing and auctioning Chetrit’s assets.  The result is the latest in Chetrit’s ongoing financial decline and legal battles and reveals the playbook of Maverick, which seemingly aims to take Chetrit’s interests for itself on the cheap, under the auspices of an auction.  The Christmas week auction is the second in the ongoing legal […]

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