The organization that compensated a record $5.4 billion for two f New York City’s biggest apartment complexes is having money troubles.

It was not able to make a full $16 million loan payment that was due Friday, according to Tishman Speyer and BlackRock Realty – group leaders.

The companies said that the missed payment would not affect the 25,000 lessees of Stuyvesant Town and Peter Cooper Village in Manhattan.

Analysts have been expecting the group to default on the loan for several months.

The group bought the complexes in 2006 in the nation’s largest real estate deal. Since then, the city’s housing market has cooled significantly.

The partnership says it is trying to restructure debt.