A senior lender at 125 Greenwich Street, the under-construction luxury residential supertall in the Financial District, has moved to foreclose on the project. United Overseas Bank, a Singapore-based lender, filed a complaint in New York State Supreme Court Monday, which states the lending consortium at the project is owed $187 million it advanced to the developers. The foreclosure proceeding will wipe out more than $100 million in equity in the project, owned by partner China […]
source https://therealdeal.com/2019/07/02/senior-lender-files-to-foreclose-on-125-greenwich/
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