Moinian misses $90M loan payment
November 13, 2009 06:15PM
Joseph Moinian
The roster of Joseph Moinian's unpaid loans grew one larger this week. The embattled developer failed to pay $90 million to lenders, according to Crain's, for a loan on a luxury building downtown. The loan for the building, Ocean Residences at 17 Battery Park South, has been transferred to a special servicer, real estate debt tracking group Trepp reported. This news comes on the heels of increasingly frequent financial woes for Moinian, who missed payments on two other properties this summer: 17 Battery Park North and 180 Maiden Lane. [Crain's]
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Comments
Anonymous
Still has over a million dollars worth of mechanics liens on 95 Wall.
Comment #1 Posted By: Anonymous 11/13/09
Anonymous
Long Live Joe Moinian!
Comment #2 Posted By: Anonymous 11/14/09
Anonymous
What is with all the vitriol against this guy? Any insider insight?
Comment #3 Posted By: Anonymous 11/14/09
Jacob de Rothschild
Moinian is NOT a Rothschild. We Rothschild's own the dollar, pound, euro, and every other currency except a few. Hahaha, we win
Comment #4 Posted By: Jacob de Rothschild 11/14/09
Anonymous
what's the vitriol? Look at him. Would he rob a grave for a pot of gold? I'd say yes.
Comment #5 Posted By: Anonymous 11/14/09
Anonymous
Vitrol? He squeezes every dollar out of his building, reinvests nothing, doesn't pay brokers or his bills, runs his buildings into the ground.
Comment #6 Posted By: Anonymous 11/15/09
Anonymous
17 battery has already been extended for three years
Comment #7 Posted By: Anonymous 11/15/09
Anonymous
first god then joe!!!
Comment #8 Posted By: Anonymous 11/15/09
Anonymous
Enough already with this venom. What is accomplished by spitting on him, or anyone for that matter, when their down? This should be a site to hear info and to hear objective opinions of the day's events; not this crap.
Comment #9 Posted By: Anonymous 11/15/09
Anonymous
Joe oh Joe take your rug, house in Quogue and go back to the cave your family came from in Northern Iran. You owe many and your day has come. Remember whe you stiffed me at 125 Park on behalf of your schill Jeff G. of NNF.
Comment #10 Posted By: Anonymous 11/15/09
Anonymous
why the deletions? we speak the truth! a crook is a crook. Lenders do not give him another inch.
Comment #11 Posted By: Anonymous 11/16/09
Anonymous
He has the best buidings with the best service ... check it out ...my friend lives at 90W ..thats all I know ..L
Comment #12 Posted By: Anonymous 11/16/09
Anonymous
12 you are an idiot.
Comment #13 Posted By: Anonymous 11/16/09
Anonymous
None of you should get too excited about a foreclosure here... this property is doing very well. Joe just wants an extension because current refi terms are pretty onerous. He's really gotten used to the 4.8% rate on this loan versus the current market of ~7%.
Comment #14 Posted By: Anonymous 11/16/09
Anonymous
if that is true 14, then he is an even bigger dirtbag. You make a deal, you stick with it. Why would any bank work with this POS?
Comment #15 Posted By: Anonymous 11/16/09
Anonymous
it's the old story - he screwed a lot of people on the way up, so now he has to get kicked by them on the way down - and #12 is an idiot
Comment #16 Posted By: Anonymous 11/16/09