Filing Alert: Fordham Landing Affiliates File Chapter 11

Update (Dec. 1, 2025): A comprehensive case summary is now available for the Chapter 11 bankruptcy filing of Dynamic Star LLC.

Dynamic Star LLC and its debtor affiliates⁽¹⁾, stock holding companies owning equity interests in "Fordham Landing," a development project in the Bronx intended to provide thousands of affordable housing units, filed for Chapter 11 protection on Dec. 1 in the U.S. Bankruptcy Court for the Southern District of New York.

The filing was precipitated by imminent non-judicial UCC Article 9 foreclosure sales scheduled for Dec. 2 regarding the debtors' equity interests, noticed by lenders affiliated with investment firm CREMAC. Facing defaults on senior and mezzanine debt totaling approximately $115 million across the "Fordham North" and "Fordham South" properties, the debtors intend to utilize the Chapter 11 process to halt the sales and pursue an exit strategy focused on refinancing or obtaining government funding, specifically targeting an April 1, 2026, closing with the New York City Department of Housing Preservation and Development.

Dynamic Star LLC reports $50 million to $100 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-23154.

⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.

Chapter 11 Debtors

Key Parties

Counsel:

• Kevin Nash
  Goldberg Weprin Finkel Goldstein LLP
  Email: knash@gwfglaw.com

Signatories:

• Brad Zackson – Authorized Signatory

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

Stay informed on every Chapter 11 bankruptcy case with liabilities exceeding $10 million. Subscribe for free to have our coverage delivered directly to your inbox, and explore our full archive of past summaries.

Explore Bondoro Insights for live case dockets and comprehensive coverage of material filings from petition to plan confirmation.