A $350 million loan secured by 1407 Broadway, a 43-story office building just south of Times Square, is 30 days delinquent and has been sent to special servicing, according to a report from Trepp. Shorenstein Properties, a San Francisco-based real estate investment firm, purchased the 1.1 million-square-foot building in April 2015, as part of the firm’s Fund Eleven portfolio. The loan backs the 2019 single-asset, single-buyer commercial mortgage-backed securities (CMBS) deal, BBCMS 2019-BWAY, that was scheduled to mature in November 2023, according to Trepp Data.