Partnership Hoping For Loan Modification On Stuyvesant Town
The Winthrop Realty Trust and Pershing Square Capital Management Partnership that recently acquired three tranches of senior mezzanine debt on Peter Cooper Village and Stuyvesant Town in New York is hoping to modify the $4.4 billion in debt on the complex with the senior bondholders, special servicer CW Capital and the building’s influential tenants’ association.
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