NEW YORK CITY-According to a charge filed in the Supreme Court of the State of New York County, No. 22 Renwick, a new SoHo condo development at 22 Renwick St., will be foreclosed by MB Financial Bank. Last year, the bank took over the $19 million mortgage on the 12-story boutique condo.
According to the complaint, Helix Partners and Orange Management, the developers of the condo project, have to repay nearly $21.7 million to the bank. For the full story, go to Crain's New York Business.
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