Details
A debtor Blackstone-Ivanhoe Cambridge Joint Venture
A creditor CWCapital Asset Management LLC
Amount $566,000,000
Goods Most important, CWCapital and Fortress would also get about $566 million in default interest on the senior mortgage as their tenure at Stuyvesant Town came to an end.
Notes Presumably, the Joint Venture would have to pay default interest to the prior bondholders prior to closing on the purchase of Stuy Town-Peter Cooper, according to The New York Times.