Harbor Group International landed an extension for a large commercial mortgage-backed securities loan at the famed Black Rock building in Midtown West, though there are mixed signals on the level of distress facing the loan and property. HGI scored an extension on the $420 million CMBS debt a month ahead of its October maturity, the Commercial Observer reported, citing an alert from Morningstar Credit Analytics. The debt was extended despite a 12-month option being available to ownership. Terms of the extension were not disclosed. The loan backing the 38-story, 893,000-square-foot property at 51 West 52nd Street was transferred to special […]

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