Charles S Cohen

Fortress Investment Group has declared Charles S. Cohen’s entities in default on a $533.6 million loan, demanding immediate payment of $544.3 million in principal and interest. The loan, issued in 2022, is secured by assets including Tower 57 in NYC and the Design Center of the Americas in Miami. Cohen allegedly failed to pay various amounts due in February 2024, prompting Fortress to accelerate the loan. While not suing for foreclosure, Fortress seeks summary judgment. The loan document reportedly limits Cohen’s guaranty to $187 million. The legal action targets Cohen’s interests in real estate and film entities, notably including 135 East 57th Street.