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Former Sprint Campus Loan Faces Possible Downgrade, Blackstone Could Lose Hotel Portfolio, Nordstrom Store Closing Hits CMBS Loan

Bynewsmagzines

Jun 1, 2023
The loan on the former Sprint headquarters campus in Overland Park, Kansas, faces maturity in August as vacancy shrinks. (CoStar)


Former Sprint Campus Loan Faces Possible Downgrade: A two-year-old, $233 million loan on the 3.7 million-square-foot headquarters campus of the former Sprint Corp. is in danger of a downgrade. The loan on the Overland Park, Kansas, campus now called Aspiria was transferred to special servicing, according to CoStar data. The loan is scheduled to mature in August and is held in commercial mortgage-backed securities deal JPMCC 2021-BOLT.

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