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Case Study: A/B Note - CMBS

32% Discount/Improving Market

 

Situation:

  • Property Type: Retail
  • Property Size: 156,219 sq. ft.
  • Origination: Aug 2007
  • Maturity: 9/1/17
  • Current Loan Balance: $18,630,159
  • Occupancy: 70.17%
  • Debt Service Coverage Ratio: .85 as of 2012
  • Location: Duluth, GA

Problem:

  • Highly depressed, unanchored retail center in Duluth, Georgia.

 

RESULTS

 

A/B note, A note at current market value, a 32% discount to the original note balance.

Type: A/B

Servicer: CW Capital

 

 

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