Mar 27, 05:53 PM

Billionaire Charles Cohen's $1B Fortress default with late payments and WeWork-linked fund's London property loss

Billionaire Charles Cohen faces financial troubles as his late payments to Fortress near $1 billion due to a default. The troubled debt amounts to $1 billion, with a fund linked to WeWork losing control of its last London property after breaching banking covenants. Investment Group Fortress seeks payment over a $533 million loan default by Cohen.

#Charles Cohen #Fortress #WeWork #London #Investment Group Fortress #Cohen

Written with ChatGPT (GPT-3).

Sources

Daniel McNamara@danjmcnamara
1 year ago
Charles Cohen Defaults on $534M Fortress Loan ⁦@trdny⁩ #CMBS https://t.co/459Nhv6atp
Law.com@lawdotcom
1 year ago
Investment Group Fortress Seeks Payment Over Default of $533 Million Loan https://t.co/4b6rmUy9n8
Bloomberg@business
1 year ago
A fund tied to beleaguered flexible office giant WeWork has lost control of its last remaining London property after breaching its banking covenants https://t.co/yOGotFWWFa

Billionaire Charles Cohen's $1B Fortress default with late payments and WeWork-linked fund's London property loss

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