$100Mln Nonperforming Loan Against NY Hotel Offered

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Loan Sales & Real Estate SalesSecondary Market Mortgage ServicesDebt & EquityArticle

$100Mln Nonperforming Loan Against NY Hotel Offered

March 28, 2012

Source: CRENews

Situs Cos. is offering for sale a $100 million distressed loan against the Dream Hotel in midtown Manhattan. The loan is being offered through Mission Capital Advisors, which will take indicative bids from prospective investors on April 17, with final bids due on May 8.

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