While some Chetrits are facing serious charges tied to alleged tenant harassment, Michael Chetrit’s firm is having a better time of things, restructuring a troubled loan on the Upper East Side. The Chetrit Organization modified the $714 million debt backing the Yorkshire Towers at 305 East 86th Street and Lexington Towers at 160 East 88th Street, the Commercial Observer reported. The modification brings the CMBS loan current, waives guarantees in the original deal and pushes back the loan’s maturity date, previously scheduled for June 2027. The restructuring came after months of negotiations with lender Rialto Capital and subordinate debtholders based […]

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