NYC Landlord & Convicted Scammer Steven Croman Sued for Defaulting on $170M in Loans, Facing Multiple Foreclosures

An infamous New York City landlord and convicted scammer is facing foreclosure on approximately 35 of his Manhattan properties after defaulting on almost $170 million in loans, according to documents filed in civil court.

Steven Croman, who had previously served a year in jail on Rikers Island after he pleaded guilty to fraud in 2017, is now the subject of a series of lawsuits filed against him in Manhattan Supreme Court that claim that he is in default on numerous real estate loans totaling a whopping $168 million.

The loans in question were originally taken out from New York Community Bank and then Flagstar Bank following a merger of the two lending institutions in 2022; they were then reassigned to Orange Owner LLC last month…

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