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Wednesday, 24 April 2019

Value of Killeen Mall in Texas Once Again Takes A Hit

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Commercial Real Estate Direct Staff Report

The appraised value of the Killeen Mall near Fort Hood, Texas, once again has been reduced, this time to $51.2 million, according to a TreppWire report issued this morning.

When the retail property's $82 million loan was written in 2007, it had an appraised value of $102.5 million. But that value fell sharply in late 2017, to $60.9 million.

As a result of the recent appraisal, the loan, which is securitized through Credit Suisse Commercial Mortgage Trust, 2008-C1, had been hit with a $34.3 million appraisal reduction amount.

A total of 386,759 square feet of the 558,000-sf enclosed mall serves as collateral for the loan. But Sears, one of the property's anchor tenants whose 82,305-sf store...





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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • States: Texas
  • Sector: Retail
  • Subject: Commercial MBS (CMBS)
  • Deal Name: Credit Suisse Mortgage Securities Corp., 2008-C1
  • Private: Yes
  • bloombergDealName: CSMC 2008-C1
Read 158 times Last modified on Thursday, 25 April 2019

Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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