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New York’s Landmark Helmsley Building Said To Face Possible Default As Loan Nears Due Date

$670 Million CMBS Loan Backed by the Building Comes Due on Dec. 8

A $670 million loan backed by Manhattan's Helmsley Building is facing an imminent maturity default, according to rating agency KBRA. (Joseph DiBlasi/CoStar)
A $670 million loan backed by Manhattan's Helmsley Building is facing an imminent maturity default, according to rating agency KBRA. (Joseph DiBlasi/CoStar)

A $670 million loan backed by Manhattan’s iconic Helmsley Building above Grand Central Terminal is in imminent danger of default, according to a ratings firm.

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