The developer of the proposed mosque near Ground Zero was slapped with a suit for defaulting on nearly $100,000 in business loans.

Citibank filed the Manhattan Supreme Court papers last week, claiming that Sharif El-Gamal and his company, Soho Properties, owe them $99,489. It’s the second such suit against El-Gamal since October, when Valley National Bank filed a claim against him over an unpaid $95,778 loan.

Gamal said defaulting on his debts made good business sense because current interest rates are so low.