by admin | Jul 10, 2013 | Deals
Property: Class D Multi-Family in Texas Problem: The loan was transferred to special servicing due to cash flow issues related to declining rents and increased operating expenses. Additionally, the property was in very poor condition, with significant deferred...
by admin | May 28, 2013 | Deals
Property: Anchored retail center in Washington Loan Balance: $18.5 million Problem: The loan was originated in 2002 and the lender procured a Phase I ESA at origination and determined that there was petroleum contaminated groundwater. To...
by admin | Feb 18, 2013 | Deals
Property: Retail Center in Arizona Loan Balance: $47 million Problem: Large vacancies put this borrower’s loan at risk. The loan was originated in 2007, and the current value of the property was $18 million. There was some likelihood that...
