The Canadian bank CIBC has a message for Harbor Group International: Pay up or hand over the keys to its retail space on Fifth Avenue. CIBC is suing companies tied to Harbor Group for failing to meet its debt payments on a $40 million loan the real estate investment firm used to acquire the 18,000-square-foot retail portion of a 33-story Midtown condo building. The suit alleges that Harbor Group failed to make its monthly loan
source https://therealdeal.com/2020/09/29/harbor-group-sued-after-defaulting-on-40m-loan-at-midtown-retail-space/
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