A ceasefire between Dalan Real Estate and landlord Steve Croman does not appear to be in the offing anytime soon. Dalan filed four foreclosure lawsuits in Manhattan State Supreme Court last week, Crain’s reported, looking to force the sale of nine rental buildings in the borough. Dalan alleges Croman missed loan payments for the debt tied to the properties last month. The portfolio features 128 units, a select number of which are rent-stabilized. Axos Bank originated $43.4 million worth of mortgages across the portfolio between 2019 and 2021, which Dalan claims to have acquired in 2024. The most notable properties […]

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