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City: Chicago Ridge
Chicago Ridge Mall
A total of 568,915 square feet of the 857,955-sf property had been encumbered by what originally was an $80 million mortgage that was securitized through COMM, 2012-CCRE2. That loan, long troubled, had for the second time transferred to special servicer Trimont ...
$76.13Mln CMBS Loan on Chicago-Area Shopping Mall Moves Back to Special Servicing
The CMBS loan against the Chicago Ridge Mall in suburban Chicago has once again transferred to special servicing as it was unable to get refinanced by its extended maturity. Only 568,915 square feet of the 867,955-sf mall serves as collateral ...
$80Mln CMBS Loan Against Chicago-Area Mall Doesn’t Pay Off; Extension Sought
Commercial Real Estate Direct Staff Report The $80 million CMBS loan against the Chicago Ridge Mall in suburban Chicago wasn't paid off when it matured at the start of the month, and now the property's owner is seeking a term ...
$80Mln Loan Against Chicago-Area Mall Moves to Special Servicing as Maturity Nears
Commercial Real Estate Direct Staff Report The $80 million CMBS loan against the Chicago Ridge Mall in suburban Chicago has transferred to special servicing because it's expected to default when it matures in July. The loan, securitized through COMM, 2012-CCRE2, ...
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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.
