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Friday, 13 April 2018

CMBS Loan Against Ohio Retail Center Seen Getting Modified

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Commercial Real Estate Direct Staff Report

The $55 million CMBS loan against Rosemont Commons, a suburban Akron, Ohio, retail property, is in the process of being split in two as part of a modification.

The effort was highlighted this morning in a TreppWire report, which noted that terms of the modification were still being finalized.

The loan, securitized through GS Mortgage Securities Corp. II, 2007-GG10, had transferred to special servicer C-III Asset Management roughly a year ago as the property's three largest tenants, Sam's Wholesale Club, Walmart and Giant Eagle, which...

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Akron
  • States: Ohio
  • Sector: Retail
  • Subject: Bankruptcy/Foreclosure (BKRPT), Commercial MBS (CMBS)
  • Deal Name: GS Mortgage Securities Corp. II, 2007-GG10
  • Valuation: Between $50 million and $100 million
  • Private: Yes
  • bloombergDealName: GSMS 2007-GG10
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Orest Mandzy

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