Wednesday 22 July 2020

Charles Cohen is behind on debt payments — but he’s not worried

Billionaire landlord and film producer Charles Cohen is late on about half of his loan payments. An analysis by Bloomberg shows that the real estate scion is at least a month late in paying for at least four Manhattan properties: the Decoration & Design Center; 465 Park Avenue; 3 Park Avenue South; and 805 Third Avenue. In total, Cohen Brothers Realty owes about $1 billion in commercial mortgage-backed securities debt across its 12 million-square-foot portfolio,



source https://therealdeal.com/2020/07/22/charles-cohen-is-behind-on-debt-payments-but-hes-not-worried/

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