A $154.6 million loan for a Brooklyn development site has fallen into default, according to Apollo Commercial Real Estate Finance. The lender made the disclosure in a recent public filing, stating that the borrower stopped paying interest at the beginning of March, and the property is now for sale. Apollo did not reveal details about the site’s location, but Crain’s reported that the loan was associated with a collection of properties owned by RedSky Capital,
source https://therealdeal.com/2020/03/26/brooklyn-developments-150m-loan-falls-into-default/
No comments:
Post a Comment