Barneys’ former space on Madison Avenue was hanging by a thread. A $76 million balance on the building’s debt, which Ashkenazy Acquisition took out in 2010, was set to mature in July. And after Barneys filed for bankruptcy and shut down all of its stores this February, Ashkenazy was forced to tap the retailer’s letter of credit to make debt service payments on its securitized mortgage backing the property at 660 Madison Avenue. The private
source https://therealdeal.com/2020/10/27/real-estates-heavy-workout/
No comments:
Post a Comment