Gov. Cuomo’s former right-hand man,who is under federal investigation, got nearly 100 percent financing on his sprawling Westchester home through a shady lender with close ties to the state capitol, The Post has learned.
Joe Percoco and his wife, Lisa Toscano-Percoco, obtained an $800,000 “balloon” mortgage to buy their $815,000 South Salem house in 2012 — and needed a new loan two years later to avoid default, records show.
The unusual, short-term loan was originated by GFI Mortgage Bankers, whose co-founder, Abe Eisner, is a key Cuomo liaison to Brooklyn’s Orthodox Jewish community. He even tagged along during the governor’s 2014 “solidarity” trip to Israel.
Percoco, 47, faced a deadline to pay off the massive debt around the same time he pocketed up to $125,000 in consulting fees from two firms with business before the state in 2014.
He and his wife failed to pay off the mortgage as required under its stated terms, and instead cut a deal with another lender on Aug. 25, 2014, to consolidate, extend and modify the agreement, records show.
Terms of that agreement include five years of fixed-rate, 3 percent interest payments to GuardHill Financial Corp.