A $150 million loan is up for sale on the land beneath the beleaguered Times Square Edition, a luxury hotel and retail property once valued at more than $2 billion that faces foreclosure.
The hotel and the underlying ground are owned separately by entities controlled by Maefield Development. The ground has $900 million in debt, including the $150 million junior loan that’s up for sale, according to loan documents.
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October 04, 2021 at 11:57PM
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Loan on Land Under Troubled Times Square Hotel Pitched for Sale - Bloomberg
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