Greer Gets Suspicious Mortgages With Buddy Mayor DeStefano’s Bank

Greer Gets Suspicious Mortgages With Buddy Mayor DeStefano’s Bank

mayor-john-destefano

 

(May 25, 2016)

In 2014 Greer was unloading his personal assets into the hands of his non-profit entities in order to shield his personal assets from garnishment in the event Mirlis wins a big verdict against Greer in his child rape case.  In 2014 the Greer gang was also putting new properties in the names of newly created entities that had no connection to his non profit empire.  In prior years Greer kept all his properties in his non-profit entities.  In 2014 the Greer gang was conducting business differently, obviously in response to the threat of the Mirlis lawsuit.  Plus the Greer gang was taking out large mortgages on properties, basically leaving the properties with no equity.

The Greer gang created entities known as Maya Wheel LLC and Turning Wheel LLC.  In 2014 Maya Wheel, LLC purchased 25-27 Young Street for $156K and took out a $180K mortgage.  The house was appraised by the City of New Haven at $148K.  Start Community Bank lent the Greers $180K on a property that was only worth about $148K.  How did that happen?  Did Greer cash in on his relationship with former Mayor John DeStefano?  Greer and Mayor John go back many years, at times they had a rocky relationship, but Mayor John always shows up at the annual Greer fundraiser.  I have seen Mayor John at the Greer residence at parties held in the compound. DeStefano got a job as a bank executive at Start Community Bank after he finished his term as mayor of New Haven.

In 2014 the Greertook out a $180K Start Community Bank mortgage at 56-58 Pendelton Street, which was owned by a Greer entity called “Turning Wheel, LLC.”  This property was worth only $178K yet the Greers were able to borrow $180K.  On 7/21/15 Maya Wheel, LLC entered into a contract to purchase 54 Vernon Street for $123K.  But this property was never sold to Maya Wheel.  A few months later it was sold to “Congregation Khal Chasidim” a non-profit located at 1985 Cedar Bridge Avenue, Lakewood, New Jersey.  The same attorney the Greers frequently employ, did the closing on behalf of both the buyer and the seller of 54 Vernon Street.  Rabbi Greer has many connections in Lakewood, New Jersey.  Larry Noodles has not yet determined the connection between Congregation Khal Chasidim and Rabbi Greer, but will continue to investigate.


2 thoughts on “Greer Gets Suspicious Mortgages With Buddy Mayor DeStefano’s Bank

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