111 West 57th Investment LLC: Commercial Real Estate Litigation
CREdocket tracks 2 commercial real estate matters involving 111 West 57th Investment LLC (appellant in 1, plaintiff in 1), dated May 28, 2026 to October 19, 2026, in New York. Types: lending & foreclosure.
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111 West 57th Investment LLC v. ACREFI Mortgage LLC (No-Consideration Fund Transfer Claim)
AmBase Corporation disclosed that its 111 West 57th Investment LLC vehicle filed a Summons with Notice on October 19, 2026 in Supreme Court, New York County, against ACREFI Mortgage LLC and its indirect parent, Apollo Commercial Real Estate Finance, Inc., alleging ACREFI improperly transferred funds to ARI for no consideration or equivalent value. The suit is a new, separate action from the long-running 'Lender…
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111 West 57th Investment LLC v. 111 W57 Mezz Investor LLC (Steinway Tower "Sole Discretion" Ruling)
New York's highest court reinstated AmBase investment vehicle 111 West 57th Investment LLC's implied-covenant-of-good-faith claim against Apollo-affiliated mezzanine lenders over the 2017 sale of a $25M junior mezzanine loan (secured by the plaintiff's equity in the Steinway Tower project) to Spruce Capital Partners at par value, despite internal models showing roughly $600M in underlying equity value. Spruce…
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CREdocket summarizes public court records and reporting; see our sourcing standards and corrections log. Not legal advice.