Stamford high-rise misses loan repayment deadline

TRD New York /
Jul.July 20, 2017 03:55 PM

If there’s ever an argument against making interest-only payments on a mortgage, the 15-story property at 400 Atlantic Street in downtown Stamford bears testament to it. The entire principle for the $265 million loan came due on June 6 but because the owners, The Landis Group, had only been paying the interest. Uncertainty now swirls over the building’s future. A loan modification proposal was submitted and denied on June 2, according to the Stamford Advocate. [Stamford Advocate]

Related Articles


The Seychelles to auction off estate at a discount after diplomat’s divorce

Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

Paul Simon’s Connecticut estate is on the market for $14M

Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more

This new bill is taking aim at property taxes for golf courses — including Trump’s

Placeholder image

Rockland County’s troubled Time Nyack Hotel gets a new owner

Placeholder image

Edge-on-Hudson developers enlist architect for parks and paths

Placeholder image

Report finds Norwalk and Stamford have highest rents in Connecticut