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100 percent leased.
80 percent occupied. It is encumbered by a $45 million loan that was securitized through Credit Suisse Commercial Mortgage Trust, 2007-C5. The loan comes due in August 2017, and has a gross coupon of 5.99 percent.
To facilitate the sale, the $105.9 million of securitized debt was modified, reducing its principal balance to $55.4 million and extending its term to December 2018. The loan's coupon of 5.066 percent evidently has not been changed. But it will ...
Hearn Co. bought the property in 2007, but lost it to KBS last year in a deed-in-lieu of foreclosure.
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