New York Tower Faces Possible Foreclosure: A new special servicer for a delinquent loan is stepping up pressure on the owner of 1407 Broadway, a 1.1 million-square-foot office building in New York’s Penn Plaza-Garment District market. The servicer also reported this month it is making preparations for a possible foreclosure, CoStar commercial mortgage-backed securities data shows, to dual-track loan resolution efforts.
New York Tower Faces Possible Foreclosure, Loan Default Risk Raises Concerns, Healthcare Bond Sale Nets $425 Million
A Weekly Look at the Commercial Mortgage-Backed Securities Business
CoStar News
March 21, 2024 | 2:02 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Companies
- Shorenstein Properties
Real Estate
- Accesso Partners
Real Estate