Law360 reports Wells Fargo Sues To Foreclose NYC Hotel’s $275M Mortgage

From Law360:

By Charlie Innis (September 20, 2022, 5:44 PM EDT) — Wells Fargo is seeking to foreclose on a $275 million mortgage for a 28-story hotel near Manhattan’s Times Square, telling a New York state court on Tuesday the property owner has defaulted after failing to make timely payments since the early months of the pandemic….

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