State: Michigan - MI

98 percent occupied.

Occupancy plunged to 52 percent late last year, from 85 percent nine years earlier, when the loan was originated. The property at the time was appraised at a value of $41 million. Last November, however, that value fell to $11.75 ...

75 percent leased.

The shopping centers are Oakland Square, with 236,070 sf, and Oakland Plaza, with 160,655 sf. Oakland Square is fully occupied, while Oakland Plaza is 96 percent occupied.