Shaya Boymelgreen is facing a lawsuit over 20 Pine.

Developer Shaya Boymelgreen is facing a lawsuit from Aristone Capital
Funding after allegedly defaulting on a $3.2 million loan for
Boymelgreen’s former condominium project at 20 Pine Street in the
Financial District. Aristone, in a suit filed June 4 in New York State Supreme Court,
alleges that Brooklyn-based Boymelgreen failed to repay the loan,
missed a number of construction deadlines and failed to confirm whether
he repaid the building’s mortgage loan to Bank of America by October
2008. The suit names Boymelgreen Family LLC as the borrower and Boymelgreen as the personal guarantor of the loan. Records from the city Department of Finance show that in 2005, Bank of
America lent $140 million to Boymelgreen and his investment partner Lev
Leviev for the building. [more]

Baruch Singer (Source: Jennifer Weisbord, Splashnewsonline.com) and the Greenpoint Pencil Factory

A lender to controversial landlord Baruch Singer is seeking the repayment of a multi-million dollar development loan on a delayed high-profile condominium project in Brooklyn, court papers said.
 
Singer took out a $6.68 million subordinate loan from Greenwich Village-based real estate financial services firm Aristone Capital Funding for the development of a Greenpoint, Brooklyn project, a lawsuit filed May 8 in New York State Supreme Court shows.  
 
But the 93-unit Greenpoint Pencil Factory condo was not finished by its January 19 completion deadline this year, and so the lender called in its loan.
 
“Borrower is in default of the loan agreement for failing to complete the construction of the [Pencil Factory] by the completion date,” a March lette [more]

Baruch Singer (Source: Jennifer Weisbord, Splashnewsonline.com) and the Greenpoint Pencil Factory

A lender to controversial landlord Baruch Singer is seeking the
repayment of a multi-million dollar development loan on a delayed high-profile
condominium project in Brooklyn, court papers said. Singer took out a $6.68 million subordinate loan from Greenwich
Village-based real estate financial services firm Aristone Capital
Funding for the development of a Greenpoint, Brooklyn project, a
lawsuit filed May 8 in New York State Supreme Court shows. But the 93-unit Greenpoint Pencil Factory condo was not finished by its
January 19 completion deadline this year, and so the lender called in
its loan. “Borrower is in default of the loan agreement for failing to complete
the construction of the [Pencil Factory] by the completion date,” a
March letter Aristone Capital sent to Singer said, court records
indicate. [more]