Bloomberg Name: bcp 2021-330N

Beacon Capital Partners is negotiating terms of a possible discounted payoff of the $370 million CMBS loan against the 1.19 million-square-foot AMA Plaza in Chicago. That would be a turn of events as the loan was slated for foreclosure.

Standard & Poor's has downgraded the most senior bond class of a 2018 single-borrower CMBS deal to its lowest investment-grade rating, BBB-. The deal's other rating agency, Morningstar DBRS, previously had downgraded that same bond class by nine rating notches.

Commercial Real Estate Direct Staff Report The 1.19 million square feet of office space that comprise AMA Plaza in Chicago has been reappraised at a value of $208.5 million. That compares with the $370 million balance on the CMBS loan ...

Crain's Chicago Business Beacon Capital Partners has been hit with a foreclosure suit after defaulting on the $370 million CMBS loan against AMA Plaza, a 1.19 million-square-foot office property it owns in Chicago. The loan is securitized through BCP Trust, ...

Commercial Real Estate Direct Staff Report Beacon Capital Partners had warned that it might not be able to make the August debt-service payment on the $370 million CMBS loan against the 1.19 million square feet of office space at the ...