Manhattan-Based Lender Selling Defaulted Glen Cove Marina Loan

Summary


After the owners of a 330-slip marina in Glen Cove stopped making payments on a $12 million commercial mortgage, a Manhattan-based firm is now trying to sell the marina's debt.

The Glen Cove Marina occupies nearly 15 acres on Shore Road and was first built in 1948. The marina property includes four free- standing buildings that house a restaurant, offices, repair shop and storage space.

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Manhattan-Based Lender Selling Defaulted Glen Cove Marina Loan

The 10-year ...

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