Nir Meir seeks to throw out Hamptons ejection suit

Former HFZ exec claims he has majority interest in LLC that owns home

New York /
Jan.January 15, 2021 08:30 AM
 Nir Meir Asks Court to Stop Eviction (Google Maps)

Nir Meir and 40 Meadow Lane (Google Maps)

 

Former HFZ Capital Group executive Nir Meir is asking a court to throw out a case seeking to eject him from his Hamptons home.

Lawyers tied to Monroe Capital, an HFZ lender, filed a lawsuit in Suffolk County Supreme Court in late December alleging that Meir is illegally occupying the property at 40 Meadow Lane. The suit claims that neither Meir nor his family may lease or occupy the home. Monroe, which recently foreclosed on an HFZ industrial portfolio, claimed it had a title to the Hamptons estate.

But a motion filed by Meir’s lawyer this week alleges there is documentary evidence to show that Meir controls the limited liability company that owns the property. The motion says HFZ had initial control of the entity, EAM 40 Meadow Lane LLC, but transferred 50 percent ownership to Meir in December 2013.

In March 2019, another company, EZL 40 Meadow Lane LLC — which lists Meir as the sole member — was formed to own and hold interests in the owner entity, the motion claims.

That same month, Meir allegedly transferred 50 percent of his ownership interest in EAM to EZL. The complaint alleges that on that same day, HFZ Capital transferred 45 percent of its remaining ownership interest in EAM to EZL.

In effect, the move gave Meir 95 percent control of the entity that owns the property and HFZ a 5 percent interest, the motion alleges.

Meir’s lawyer said in court filings that the initial complaint should be thrown out because it failed to state a cause of action.

Monroe Capital was HFZ’s lender on a national industrial portfolio. Earlier this month, the firm foreclosed on that portfolio, and HFZ lost its equity stake in those properties. The company also provided HFZ with an $18 million loan in 2017 that was supposed to mature in November, according to Monroe’s filing with the U.S. Securities and Exchange Commission.

Monroe Capital did not immediately respond to a request for comment.

The Hamptons home spans more than 6,600 square feet, with seven bedrooms and a swimming pool, records show. Last year, the owner of the property secured an $18.35 million mortgage from ConnectOne Bank.

The legal battle over the estate at 40 Meadow Lane comes at a difficult time for HFZ Capital, a once-prolific condo developer in NYC. Meir, a former principal, left the firm in December as it battled a slew of lawsuits from lenders and investors. The circumstances around Meir’s departure are not entirely clear.

A spokesperson for Meir declined to comment. HFZ did not respond to a request for comment.









      Related Articles

      arrow_forward_ios
      Frank Lloyd Wright with 1425 Valley View Drive (Getty, Re/Max)
      Unique Frank Lloyd Wright home available … for now
      Unique Frank Lloyd Wright home available … for now
      A photo illustration of the Arizona Ghost Town Museum in Pearce, Arizona (Getty Images, Facebook/oldpearcepottery)
      Night at the museum: Ghost town general store turned-home lists at $1M
      Night at the museum: Ghost town general store turned-home lists at $1M
      Ben Simmons and Olympia Dumbo (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and Olympia Dumbo)
      Fortis’ Olympia Dumbo lures Brooklyn Nets star
      Fortis’ Olympia Dumbo lures Brooklyn Nets star
      Fredrik Eklund and John Gomes (The Society Group, 53w53)
      Eklund-Gomes couples 53W53 open house with magazine launch
      Eklund-Gomes couples 53W53 open house with magazine launch
      Alec Baldwin with 335 Town Lane (Getty, Hampton Real Estate)
      Alec Baldwin bailing on Amagansett estate
      Alec Baldwin bailing on Amagansett estate
      A photo illustration of Nir Meir (Getty Images)
      HFZ investor wants Nir Meir held in contempt
      HFZ investor wants Nir Meir held in contempt
      Steve Gold with 534 Riversville Road (Corcoran Group, Compass)
      “Million Dollar Listing” star Steve Gold buys 10-acre Greenwich estate
      “Million Dollar Listing” star Steve Gold buys 10-acre Greenwich estate
      OKO Group’s Vlad Doronin and the Aman New York at the Crown Building (Getty Images, Aman New York, Google Maps/Aman New York)
      TRD Pro: The most expensive Manhattan homes sold in August
      TRD Pro: The most expensive Manhattan homes sold in August
      arrow_forward_ios

      The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

      Loading...