The debt on the iconic Lever House at 390 Park Avenue has sold at a $68 million loss. An entity tied to Ramsfield Hospitality Finance paid $12.8 million for the commercial-mortgage backed securities loan on the property, the New York Post reported. The debt, which originally carried a balance of $110 million, had since been paid down to $80.2 million, according to data from financial firm Trepp. Aby Rosen’s RFR Realty failed to pay back […]
source https://therealdeal.com/2019/02/20/troubled-loan-backing-lever-house-sees-68m-in-losses/
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