Rosen buys back his defaulted $18M loan

Developer Aby Rosen has purchased back the defaulted $18 million loan on his 66 East 55th Street, sources told Crain’s. That’s the building that houses the Core Club, a members-only social club that counts a number of real estate bigwigs in its ranks and costs a reported $15,000 per year. Rosen defaulted on the loan, which was being marketed by special servicer Helios, in early 2009. [Crain’s]

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