headerSub-04

Case Study: Note Sale - CMBS

35% Discount to Principal

 

Situation:

  • Property Type: Retail
  • Property Size: 42,156 sq. ft.
  • Origination: Aug, 2006
  • Maturity: 10/1/16
  • Current Loan Balance: $7,763,104
  • Occupancy: 67.31 %
  • Debt Service Coverage Ratio: .55 as of 2013
  • Location: Park City, Utah

Problem:

  • Office in historical downtown Park City, Utah with parking and redevelopment challenges.

 

RESULTS

 

Borrower purchased the note at a 35% discount to principal.

Servicer: CIII

 

Copyright © 2015 Hart Advisors Group, LLC. All rights reserved.

Developed in conjunction with Ext-Joom.com