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The owners of a 1.8M SF Midtown Manhattan office tower are in talks with their lender after falling behind on payments for nearly $1B in CMBS debt.

SL Green and RXR Realty, which own a nearly 49% stake in Worldwide Plaza at 825 Eighth Ave., are the sponsors on a $940M package of CMBS loans that transferred to special servicing last month for “imminent monetary default,” according to the Morningstar Credit database.

The building's owners are working with the special servicer to try to modify and extend the debt on the building, which matures in November 2027. The servicer, Situs Holdings, wrote in a commentary note that the sponsor indicated it “will not fund operating deficits.” The borrowers are delinquent on the September payment, according to Morningstar.