Life support

NYC landlord on life support sued by lender over COVID loans dies: lawyer

The family of a Bronx landlord, who clung to life when he was hit with two lawsuits over a loan he was forced to take out during the pandemic-related rent moratorium, are now planning to suing the lender after his death over the weekend, the family attorney says.

Jeffrey Schneider, 62, was on life support after contracting COVID-19 when Premier Capital Funding LLC filed the lawsuits to recover $58,000 on a $23,000 high-interest loan he took out in May through his company Remie Realty Corp. the struggling tenants stopped paying their rent, according to court documents filed by Schneider’s wife last month.

Now the family is planning to sue the lender over its allegedly shady loan deal with Remie and Schneider, who died on Sunday after being on life support and life support since November 29.

“The Last Moments [the Schneider family members] were together, they were thinking about how they could get out of this financial situation, how could they get out of this debt, how could they stop these vultures from going in circles, ”said family attorney Ashlee Colonna Cohen, at the Post.

“They should have been able to spend those last few moments talking about how much they loved each other and how much they meant to each other and be able to let go in peace.”

Schneider looked for the lifeline when the state’s pandemic eviction moratorium forced his business into dire financial straits, according to court documents filed by his wife, Cindy.

The landlord of the Bronx rent-controlled apartment building managed to repay $25,000 of the total roughly $35,000 he owed on the high-interest loan before the coronavirus landed the man fully vaccinated in hospital on Nov. 7 – where he remained until his death, leaving him unable to run his business, according to the file.

Premier Capital then filed the two lawsuits against Schneider and didn’t back down even when Cindy informed them he was about to die and offered to repay the remaining $11,000 balance on the loan, it said. she alleged in documents filed last month.

“We reserve every right we have and plan to enforce those rights in court against this company. We’re not going to drop that,” Colonna Cohen said.

Jeffrey Schneider was on life support after contracting COVID when Premier Capital Funding LLC filed the lawsuit to recover $58,000 from a $23,000 high-interest loan.
Getty Images/iStockphoto

“Remie Realty ceased to exist with Jeffrey’s passing and under the agreement they should no longer be allowed to enforce this,” she continued.

“We already know that the legality of the recovery process is questionable. I would go so far as to say they were illegal.

“There are huge, glaring issues between what the lender advertised for the product and how they represented the product to Jeffrey and what it actually was,” Colonna Cohen said of the loan deal. .

Premier Capital and a lawyer for the company did not immediately respond to requests for comment.

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