City: Tallahassee
CMBS Loan Against Koger Center in Tallahassee, Fla., Gets 3-Year Extension
Commercial Real Estate Direct Staff Report The $115.5 million CMBS loan against the Koger Center office property in Tallahassee, Fla., has been modified, with its term extended by three years to 2020. The loan, securitized through Credit Suisse Mortgage Securities ...
$115.5Mln CMBS Loan Against Fla. Office Sent to Special Servicing for Second Time
Commercial Real Estate Direct Staff Report The $115.5 million CMBS loan against the Koger Center office property in Tallahassee, Fla., has been transferred to special servicing for a second time because it's expected to default. The interest-only loan, securitized through ...
Tallahassee, Fla., Office Backing $46.2Mln CMBS Loan Sees $8.5Mln Appraisal
Commercial Real Estate Direct Staff Report Northwood Centre in Tallahassee, Fla., has been appraised at a value of $8.5 million, which means the $46.2 million CMBS loan against it will almost certainly see a substantial loss. The loan is securitized ...
St. Augustine Plantation/2507 Old St. Augustine Road
97 percent occupied.
LNR Seeks Sale of 2 Nonperforming CMBS Loans
Commercial Real Estate Direct Staff Report LNR Partners has put two nonperforming CMBS loans with a balance of $39.5 million on the sales block. The Miami special servicer has hired Mission Capital Advisors to market the two loans for sale, ...
Mold, Bat Problems at Building Prompt Halt in Rents; CMBS Loan Goes to Special
Commercial Real Estate Direct Staff Report The $46.2 million CMBS loan against the Northwood Centre, a 491,086-square-foot mixed-use property in Tallahassee, Fla., has transferred to special servicing because it's expected to default. The loan is securitized through ML-CFC Commercial Mortgage ...
Delaney Park at Southwood/3550 Esplanade Way
The buyer used a $21.9 million Fannie Mae loan from CBRE to help fund its acquisition. The loan, which matures in 2025, requires only interest payments for the first four years.
Delaney Park at Southwood in Tallahassee, Fla., Fetches $27.4Mln
Momentum Real Estate Partners has paid $27.4 million, or roughly $110,207/unit, for Delaney Park at Southwood, a 248-unit apartment property in Tallahassee, Fla. The Miami company acquired the property, at 3550 Esplanade Way, from Epoch Properties of Winter Park, Fla., ...
Reserve at Heritage Oaks/3909 Reserve Drive
The buyer funded the purchase with a $32 million loan from CIT Bank.
Tallahassee, Fla., Apartment Property Sells for $36.9Mln
Spirit Bascom Ventures has paid $36.9 million, or roughly $82,216/unit, for the Reserve at Heritage Oaks, a 444-unit apartment property in Tallahassee, Fla. It funded the purchase with a $32 million loan from CIT Bank. The mortgage is also being ...
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