A William Street New School accommodation facility is one of five New York City addresses making its debut on Trepp’s list of distressed properties in November, according to data from the real estate analytics firm.

New to the 56-item list of distressed properties is Metro Loft Management’s 111,000-square-foot, 17-story building at 84 William Street, currently being used as a student housing facility for attendees of the New School, according to the university’s website. The company is non-performing on a loan beyond maturity, with a balance of $28.9 million, after being current in October, the data shows. (note: correction appended) – Katherine Clarke [more]

Developer Joseph Moinian has informed lenders over the past several months that he expects to default on loans at two of his properties, 180 Maiden Lane and 17 Battery Place North, Crain’s New York Business reported. Both properties’ loans — $292 million at 180 Maiden Lane and $453 million on 17 Battery Park North — are due in November. The credit crunch has made it difficult for Moinian, who has already had to give up 475 Fifth Avenue, to refinance loans. In addition, Moinian’s payments on his 1775 Broadway mortgage are likely to go up 23 percent next year, and the building is only one-third filled. [more]