Deal Name: 2007-2
Sale of Acadiana Mall Nets $84.9Mln Loss to BACM 2007-2
Commercial Real Estate Direct Staff Report The sale of the Acadiana Mall in Lafayette, La., resulted in a hefty $84.9 million loss to Banc of America Commercial Mortgage Trust, 2007-2, the CMBS trust that had held a $118.5 million loan ...
Louisiana’s Mall of Acadiana Sold; Long Troubled CMBS Loan Resolved
The Mall of Acadiana, which backs $118.5 million of legacy CMBS debt that had been in special servicing for nearly two years, has been sold to Namdar Realty Group, a Great Neck, N.Y., investor that has purchased other distressed retail ...
CWCapital Winding Down BACM 2007-2; Puts All Remaining Assets Up For Sale
Special servicer CWCapital Asset Management is winding down Banc of America Commercial Mortgage Trust, 2007-2, having placed all of the deal's 11 remaining assets, with a balance of $172.8 million, up for sale through its RealInsight Marketplace. The transaction, issued ...
CMBS Loan Against Mall of Acadiana in Lafayette, La., Put on Sales Block
The $119.5 million loan is one of 11 left in the collateral pool of Banc of America Commercial Mortgage Trust, 2007-2, which originally had a balance of $3.2 billion and so far has suffered nearly $310 million of losses. The ...
CWCapital to Take Mall of Acadiana Through Foreclosure
Commercial Real Estate Direct Staff Report CBL & Associates Properties was unable to reach an agreement to modify the $121.9 million CMBS loan against the Mall of Acadiana in Lafayette, La. As a result, the CMBS trust that holds the ...
Mall of Acadiana Sees Appraised Value Plunge to $47.6Mln
Commercial Real Estate Direct Staff Report The Mall of Acadiana, whose CMBS loan is in the process of being modified, has been re-appraised at a value of only $47.6 million. That compares with the property's $188 million appraised value ...
CBL Strikes Re-Do of CMBS Loan on Acadiana Mall
The following story has been edited. A previous version incorrectly indicated two additional anchors might be vacating. CBL & Associates said it "expects both stores to continue to operate as normal." Commercial Real Estate Direct Staff Report CBL & ...
CBL Says Near Agreement to Extend Acadiana Mall Loan
Commercial Real Estate Direct Staff Report CBL & Associates Properties is in talks to possibly extend the term of the $124.7 million CMBS loan against its Acadiana Mall in Lafayette, La. The loan, securitized through Banc of America Commercial Mortgage ...
Another CMBS Loan Against CBL-Owned Mall Moves to Special Servicing
Commercial Real Estate Direct Staff Report Another CMBS loan against a mall owned by CBL & Associates Properties has transferred to special servicing because it's expected to default. This time, it's the $125.3 million mortgage against the Acadiana Mall in ...
Group Led by PNC Lends $174.7Mln Against Retail Portfolio
A group led by PNC Bank has provided $174.7 million of financing against a portfolio of six retail properties with 1.5 million square feet in the Southeast. The portfolio is owned by DDRTC Core Retail Fund, a venture of TIAA ...
About
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.
