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Bloomberg Name: BMARK 2021-B25
$100Mln CMBS Loan on Brooklyn, N.Y., Office Gets Into Hot Water
The $100 million CMBS loan against the 213,745-square-foot office property at 141 Livingston St. in Brooklyn, N.Y., has transferred to special servicer Greystone Servicing Co. The culprit: a dispute over the funding of a reserve account.
INITIAL PRICING: Benchmark Mortgage Trust, 2021-B25
Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Fitch Rating Kroll DBRS Price % Yield% Final Pricing (bp) Bnch mark A-1 22.75 30.00 2.74 AAA AAA AAA 99.997 0.616 +20 swaps A-2 18.34 30.00 4.88 AAA AAA ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
