While its neighbors prepare for upgrades and, in some case, complete overhauls, the Lever House sits in “limbo.” RFR Realty, which controls the property through a 99-year ground lease with the Korein family, has been struggling to refinance an $85 million securitized mortgage, according to Crain’s. The debt is three years overdue and its bondholders have moved to foreclose on the property. RFR’s Aby Rosen and Michael Fuchs say they are working with lenders to […]
source https://therealdeal.com/2018/05/08/lever-house-in-limbo-bondholders-move-to-foreclose-on-troubled-property/
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