In what seems like a regular occurrence these days, Thor Equities is having trouble with another one of its retail properties. Joe Sitt’s firm is in default on the $17 million loan backing its retail property at 1006 Madison Avenue, and the loan’s special servicer has filed to foreclose on the asset, court records show. It’s not exactly clear why Thor has fallen behind on payments. The property’s retail tenant, French womenswear designer Roland Mouret, […]
source https://therealdeal.com/2019/05/29/thor-in-danger-of-losing-madison-ave-property/
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