• Fri. Apr 19th, 2024

More Properties Saddled With Troubled Loans, Bargain Hunters Get Ready, Market Troubles Vary Widely

Bynewsmagzines

Jun 15, 2023
A $408 million CMBS loan on Wilshire Courtyard in Los Angeles was the largest office loan transferred to special servicing in the past month. (CoStar)

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More Properties Saddled With Troubled Loans: The number of office properties tied to troubled commercial mortgage-backed securities loans jumped nearly 29% from early May to early June, according to CoStar data, an increase from 412 to 530. The properties totaled 92.8 million square feet and had a vacancy rate of 29.2%.

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