Sonnenblick-Eichner Co. has arranged a $17.5 million loan against the Brentwood Town Center, a 12,845-square-foot retail center in Los Angeles' upscale Brentwood neighborhood. The 10-year loan requires only interest payments for its full term and has a 3.26 percent coupon. ...
Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Fitch Rating Kroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1 23.34 30.00 2.82 Aaa AAA AAA 100.000 1.977 +42 swaps A-2 138.84 30.00 4.93 Aaa AAA AAA ...
Commercial Real Estate Direct Staff Report The $98 million of mortgage debt against two limited-service hotels with 283 rooms in Manhattan was not retired by its maturity last month, so the loan's $85 million securitized component has been transferred to ...
Commercial Real Estate Direct Staff Report Special servicer LNR Partners has taken Canyon Crossing in Riverside, Calif., by foreclosing against the $43.5 million CMBS loan against the retail property. The loan, securitized through COMM, 2014-UBS2, had transferred to the company ...
Commercial Real Estate Direct Staff Report Castle Lanterra Properties has paid $52 million, or $144,817/unit, for the 359-unit Capital Crossing apartment property in the Washington, D.C., suburb of Suitland, Md. The Suffern, N.Y., real estate investment firm bought the ...
Commercial Real Estate Direct Staff Report The $75.1 million of CMBS debt against the Hagerstown Premium Outlets, some 75 miles west of Baltimore in Hagerstown, Md., could be at risk as occupancy and cash flow at the collateral property ...
Commercial Real Estate Direct Staff Report The recent sale of the Sierra Vista Mall and Lifestyle Center in Clovis, Calif., resulted in a $36.8 million loss to COMM, 2006-C8, the CMBS transaction that had held a $75.3 million loan against ...
Commercial Real Estate Direct Staff Report The $39.9 million CMBS loan against the 456-unit University Village student-housing property near the campus of the University of Alabama in Tuscaloosa, Ala., has transferred to special servicer Midland Loan Services because it's expected ...
Commercial Real Estate Direct Staff Report A venture of Mason Asset Management and Namdar Group has paid $41 million for the Sierra Vista Mall and Lifestyle Center in Clovis, Calif., one of four remaining assets in the collateral pool for ...
Nearly 40 percent of the CMBS loans against regional and outlet malls that come due by 2022 are classified by Fitch Ratings as loans of concern. They could face challenges getting refinanced, particularly as lenders remain cautious of the retail ...
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