The money woes keep growing for a developer of the Ground Zero mosque.
Valley National Bank is suing Sharif El-Gamal and his real-estate company, Soho Properties, seeking $95,778 plus interest for an unrepaid loan. The firm took out a $100,000 line of credit, guaranteed by El-Gamal, from the bank in 2008, but defaulted in early 2009, according to court papers.
A spokesman for El-Gamal declined to comment yesterday.
El-Gamal moved from the firm’s offices in September after his landlord initiated eviction proceedings over $39,000 in back rent.
He also failed to pay his city taxes in January and July, but agreed to a payment plan in September for $270,000, including interest.