CMBS Loan Backed by Moinian Group’s 2 Washington Street Sent to Special Servicing

One of the Moinian Group’s premier properties is now in the hands of special servicing. A $131.5 million commercial mortgage-backed securities (CMBS) loan was secured by 2 Washington Street, a 483,000-square-foot, 22-story mixed-use complex near the southern tip of Manhattan that leased short-term rental units. Cash flow issues led to the CMBS loan’s transfer to […]