Wednesday, April 29, 2020

Mall Owner Pyramid Sees 6 CMBS Loans Slip Into Special Servicing

bisnow.com
Retail owner Pyramid Cos. now has had six CMBS loans transferred to special servicing, with two more added this week.

All of the properties associated with the loans have been shuttered because of the coronavirus pandemic, which has put intense pressure on loans tied to retail properties as mall revenue dries up. . . . more

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