BBG Partner Scott Loffredo was quoted on Thursday’s Daily News concerning the seizure of a Brooklyn restaurant by state authorities for failing to pay nearly $400,000 in back taxes.
It is alleged that the restaurant (i.e., the tenant) failed to pay rent for several months and collected more than half a million dollars in two pandemic-related Paycheck Protection Program loans, one for $235,200 in April 2020 and the other for $315,400 in February 2021.
Loffredo, who is the lawyer for the building’s landlords, said, “These people run a restaurant, they’ve been taking in a fortune, and they’re not paying rent.”
BBG has significant experience representing owners and landlords and cost efficiently resolving these types of issues, please contact your BBG attorney on record or write to us at info@bbgllp.com if we can be of assistance to you.
Read the full article in Daily News.