A visa investment fund is suing the developers of the MetLoft Bronxville condominiums for $5 million, claiming the project is in default.
The allegations, at first glance, are simple: The loan was guaranteed by the developers. Now that the project is in default, they must repay the loan.
But the MetLoft developers are also embroiled in a messy series of lawsuits, bankruptcies and dueling allegations of fraud.
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