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The $55 million CMBS loan against the 64,460-square-foot office property at 57 East 11th St. in Manhattan hasn’t had a payment made against it since last November, when its sole tenant, WeWork Inc., rejected its lease through bankruptcy. The loan is in three CMBS transactions.
The post Loan on WeWork-Leased Office in Manhattan Goes Delinquent appeared first on Commercial Real Estate Direct.
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