Katherine Burton

1 month ago | fa-mag.com | Katherine Burton |Natalie Wong |Matthew Boyle

Billionaire John Paulson was the mystery buyer of the mortgage debt behind the Princeton Club of New York, the midtown Ivy League establishment that shut down amid a cash crunch during the pandemic. Now, the financier—whose ownership of the property on West 43rd Street hasn’t previously been reported—is seeking to sell the building or open it as a new membership club, according to documents obtained by Bloomberg News and Paulson & Co. General Counsel Stuart Merzer.