Defaulting ... On Purpose
The Real Deal 2010, June 2.
-
- $5.99
-
- $5.99
Publisher Description
575 Lexington Avenue has been transferred to a special servicer in an effort to renegotiate loan termsAs the commercial market continues to struggle in New York, an increasing number of developers here are turning to so-called strategic defaults to force lenders and special servicers to enter into negotiations for loan restructurings.