Troubled Midtown-based commercial lender CIT Group is seeking to foreclose on a $12 million loan made to a developer that has been successful in Manhattan but recently came up short with a luxury Noho condominium conversion at 654 Broadway. CIT claims developers 654 Broadway Partners LLC, an affiliate of Cardinal Real Estate Investments, has missed a total of $890,603 in mortgage payments since November 2008 in the two-year loan that was due in August and is now in default, a complaint filed in New York State Supreme Court Sept. 9 shows. [more]