Fannie Mae intends to foreclose on Bronx properties
Yahoo Finance·2025-10-02 00:20
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Dive Brief: Last week, Fannie Mae took steps to foreclose on a $61.5 million loan behind two New York City properties with nearly 500 units in the Bronx, according to Bisnow. Fannie Mae claims Fordham Fulton Realty Corp. and guarantor Rajmattie Persaud have defaulted on a commercial mortgage covering Fordham Tower and Fulton Towers, claiming the borrower h ...