March 14, 2025

Multifamily Market

Mortgage

JPMorgan, Chetrit Group Named in $481M Mortgage Fraud Suit

New allegations tied to a mortgage fraud scandal that rocked the industry and landed an executive in federal prison now implicate JPMorgan, the lender on the deal, and the borrower — New York’s Chetrit Group. Wells Fargo, which filed suit in federal civil court as trustee on a $481 million CMBS loan, alleges JPMorgan knew

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