Two Cipriani locations dodge foreclosure
Last call appeared to be in sight for two Cipriani locations, but the Italian eateries are ready to keep the carpaccio coming. The outposts dodged near-foreclosure by securing a $52.1 million commercial mortgage-backed securities loan secured a modification, the Commercial Observer reported. The senior debt is backed by the Cipriani locations at 110 East 42nd Street and 55 Wall Street. Cipriani defaulted on its loan in May 2020 and made its last payment in July
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