The Kushner Companies’ $285 million loan on its big Times Square retail property will have to be reworked after tenants at the property broke their leases. The securitized loan managed by Wells Fargo will be sent to a special servicer to oversee negotiations, according to Bloomberg. Rental income for the retail condo at 229 West 43rd Street has fallen short of interest payments as months of tenant financial troubles have caught up with the Kushner
source https://therealdeal.com/2019/11/15/kushner-cos-will-need-workout-on-times-square-loan/
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