Moinian misses $90M loan payment

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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.

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