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Monday, 12 February 2018

Value of Dallas-Area Office Building Backing CMBS Debt Takes Big Hit

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Commercial Real Estate Direct Staff Report

The value of the two-building JPMorgan International Plaza in suburban Dallas has been slashed by more than 55 percent, to $120 million from $268 million in 2006.

The value reduction was noted this morning in a TreppWire report.

The property, at 14201 and 14221 Dallas North Tollway in Farmers Branch, Texas, serves as collateral for $156.4 million of debt that's securitized through Greenwich Capital Commercial Funding Corp., 2006-GG7. At the time of securitization,...

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Dallas
  • States: Texas
  • Sector: Office
  • Subject: Commercial MBS (CMBS)
  • Deal Name: Greenwich Capital Commercial Funding Corp., 2006-GG7
  • Private: Yes
  • bloombergDealName: GCCFC 2006-GG7
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