Stuy Town reportedly worth just $2.8bn
The 80-acre New York multifamily complex sold in 2006 for $5.4bn has been valued at less than its senior mortgage, meaning potential losses for junior CMBS debt holders.
The 80-acre New York multifamily complex sold in 2006 for $5.4bn has been valued at less than its senior mortgage, meaning potential losses for junior CMBS debt holders.
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