A little-known real estate company is facing a big problem at its Midtown Manhattan headquarters. JPMorgan Chase filed a foreclosure lawsuit against Park Ridge International over an alleged loan default at 40 West 37th Street, Crain’s reported. The developer allegedly defaulted on a $16.8 million loan attached to the office property. Park Ridge president Thomson Lee secured the loan from the bank a decade ago, according to records. Two years ago, he modified the debt, only to allegedly default on it by this March, when the bank provided notice. Park Ride allegedly owes $15.9 million, plus interest and fees. Park […]

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