The surprising court ruling requiring developers to deconstruct 20-some floors of a nearly completed Upper West Side condo building could put the project’s financing in jeopardy. Sumitomo Mitsui Trust Bank, the Japanese lender that provided developers SJP Properties and Mitsui Fudosan America with a $426 million construction loan for 200 Amsterdam Avenue, might now have grounds to claim that the loan is in default. “There are any number of ways to call a default on
source https://therealdeal.com/2020/02/21/shock-ruling-could-throw-200-amsterdam-loan-into-default/
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