Steve Croman defaulted on $231 million in principal, lenders allege

Infamous Manhattan landlord Steve Croman is dealing with more than 28 active foreclosure lawsuits targeting properties he controls. In total, lenders allege Croman’s entities have defaulted on more than $231 million in loan principals.  It’s just the latest legal challenge for Croman, one of the few New York landlords to see the inside of a prison cell.  Twenty-one of the foreclosure suits were filed in the last week by lender Orange Owner LLC. The principal of those associated loans totals more than $189 million, according to a tally by The Real Deal. Orange Owner LLC took over the notes after […] This article originally appeared on The Real Deal. Click here to read the full story.