The total value of delinquent securitized loans written on Manhattan properties declined by 55 percent in May to $121 million from $272 million in April, according to data from loan tracking firm Trepp. While this drop is significant, the majority of the value of April’s delinquencies was the $225 million note on the Riverton Houses in Harlem, and that note was no longer classified as delinquent in May. Included for the first time on the delinquency list in May was $30 million remaining on a loan with an original principal balance of $375 million on Kent Swig’s Sheffield57 at 322 West 57th Street in Midtown, and $53 million secured by the Soho office building 625 Broadway owned by the Moskowitz family, the data shows. [more]