Athene’s Accolend Loans Go Bad with South Side Landlord
A New Jersey lender whose clients made big bets on rundown buildings in Chicago’s South Side is heading to court as its collateral slips into distress. Affiliates of Accolend are foreclosing on three apartment properties owned by Brooklyn-based investor Sholem Oberlander. The lender is pursuing Oberlander’s failure to pay principal and interest on $2.6 million