Print this page
Wednesday, 24 April 2019

Value of Killeen Mall in Texas Once Again Takes A Hit

Written by 
Rate this item
(0 votes)

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...


Log In or



weekly-call-to-action

“The Weekly”

“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:

  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“

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 181 times Last modified on Thursday, 25 April 2019
Dan Moynihan

Latest from Dan Moynihan