Starwood suing HFZ for $157M over co-op conversion loan default

Starwood Property Trust is suing Ziel Feldman’s HFZ Capital Group, charging the developer defaulted on loan payments at an Upper West Side co-op conversion and failed to abide by a forbearance agreement. Starwood— through SPT Chatsworth Holdings — is seeking $157 million, according to the federal suit it filed Tuesday in New York. The company alleges that HFZ, Feldman and his wife, Helene are in default on the senior and mezzanine loans, an unsecured loan