Monday, February 12, 2007

Fitch remains negative on the Manhattan House loan

Fitch is concerned about delays at the Manhattan House (32.1%) and Toy Buildings (13.5%) loans. The Manhattan House loan is secured by a 583-unit multifamily rental building located on the Upper East Side of Manhattan, New York. As of the January 2007 remittance, there had been no sales or contracts signed for any of the units.

Read the full press release here

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