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Friday, 04 May 2018

Macerich/Hudson Pacific Venture Seen Defeasing Westside Pavilion Loan

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Commercial Real Estate Direct Staff Report

The $140.3 million CMBS loan against the Westside Pavilion shopping center in West Los Angeles is likely to be defeased, or replaced by government securities, by the end of the year.

The loan, securitized through Wells Fargo Commercial Mortgage Securities Corp., 2012-LC5, had transferred to special servicer Rialto Capital Advisors last September because it was expected to default.

The collateral property, a 755,000-square-foot mall that...

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Los Angeles
  • States: California
  • Sector: Retail
  • Subject: Commercial MBS (CMBS)
  • Deal Name: Wells Fargo Commercial Mortgage Trust, 2012-LC5
  • Private: Yes
  • bloombergDealName: WFCM 2012-LC5
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Dan Moynihan

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