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Metro Loft Faces Potential Foreclosure at 180 Water Street

Summary by Commercial Observer
Nathan Berman’s Metro Loft Management has been hit with a pre-foreclosure filing at one of its Manhattan office conversion projects just months after the site hit special servicing. Metro Loft is facing foreclosure at 180 Water Street — a former 29-story office tower that was converted into luxury rental units — after defaulting on a $265 million loan for the property, according to a Wednesday filing by special servicer CW Asset Management in U.…
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Sarah Taylor, 73, needed a new roof on the Kathleen-area ranch house she has lived in since 1987. But now she might lose the home because the roofing company has filed a lien saying the roof cost $36,879, but her insurance only paid $15,149, so she owes the difference.

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Commercial ObserverCommercial Observer

Metro Loft Faces Potential Foreclosure at 180 Water Street

Nathan Berman’s Metro Loft Management has been hit with a pre-foreclosure filing at one of its Manhattan office conversion projects just months after the site hit special servicing. Metro Loft is facing foreclosure at 180 Water Street — a former 29-story office tower that was converted into luxury rental units — after defaulting on a $265 million loan for the property, according to a Wednesday filing by special servicer CW Asset Management in U.…

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Commercial Observer broke the news in on Thursday, April 3, 2025.
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