NYC’s ‘Madoff of landlords’ defaults on $170M loans, faces foreclosure on 35 Manhattan properties: suits

Source: New York Post

New York City’s “Bernie Madoff of landlords” has defaulted on nearly $170 million in loans — and is facing foreclosure on a whopping 35 or so Manhattan properties, new court records show. Steven Croman, a longtime notorious landlord and convicted fraudster — who did a stint on Rikers Island more than a decade ago — is facing another reckoning, but this time in civil court. A bevy of lawsuits filed recently filed against Croman in Manhattan Supreme Court claim he is in default on $168 million worth of real estate loans.