A $120 million non-performing construction loan tied to Fortis’ One Seaport condo in the Financial District is up for sale. Newmark Knight Frank is marketing the construction loan originated by Bank Leumi USA. Investors can purchase the loan, which is “secured by the fee simple interest” of the 98-unit condominium building at 161 Maiden Lane, according to marketing materials. About $90 million of the $120 million of the construction loan has been funded, according to
source https://therealdeal.com/2020/10/02/construction-loan-tied-to-leaning-seaport-condo-up-for-sale/
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