New foreclosure adds to Steve Croman’s $300M debt
April 8, 2026
The Real Deal
Steve Croman is facing yet another foreclosure lawsuit, this time in Midtown East. An entity connected to Dalan Real Estate filed the suit against the notorious New York landlord. Dalan purchased a portfolio of Croman’s loans in 2024. It’s just the latest for Croman, who is facing foreclosure suits on more than 300 million in loan principals and previously served time for mortgage fraud.
Croman said the lenders purchased the loans with the intent to create a default situation. “We will settle and refinance with more reputable, institutional lenders,” he said over text message. An attorney for the lender did []This article originally appeared on The Real Deal. Click here to read the full story.
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