Wonder Works Construction is not letting an Upper East Side condo go without a fight.
The developer has filed a lawsuit against mezzanine lender Nahla Capital, aiming to block a UCC foreclosure auction for a loan tied to its building at 302 East 96th Street, known as the Vitre.
Nahla Capital hired a team of JLL brokers to market the loan back in October, with the auction scheduled for Dec. 8.
But in a lawsuit filed Thursday in state court, Wonder Works argued the sale was a “predatory attempt to capitalize on the Covid-19 pandemic,” engineered to take over the condo.
The language is almost identical to that in an HFZ Capital Group lawsuit filed last month to stop a mezzanine lender on four of its Manhattan condos from moving