NEW YORK — A group of senior lenders filed a foreclosure action Tuesday over the default of a $3 billion loan related to the purchase of the Peter Cooper Village and Stuyvesant Town apartment complexes in Manhattan.
The lawsuit, filed in U.S. District Court in Manhattan, names two limited partnerships that list Tishman Speyer Properties' offices as their mailing addresses as defendants, as well as other lien holders.
A group led by Tishman Speyer and its primary partner, BlackRock Inc., agreed to give up the 56 buildings on Manhattan's East Side to creditors after defaulting on $4.4 billion in debt used to finance the deal.
Bank of America Corp. and U.S. Bank National Association, acting as trustees for the senior lenders, brought the suit.
A spokesman for the joint venture led by Tishman Speyer and BlackRock did not comment.