Commercial Real Estate Direct Staff Report
The $125 million of nonperforming debt against the 580-room Radisson Hotel at Los Angeles Airport is being brought to market.
The debt is held by Amalgamated Bank, which has tapped Eastdil Secured to market the loan, against which foreclosure has been filed, for sale. Offering material has been distributed to investors. A foreclosure auction has been scheduled for May. So whoever buys the loan will be able to take title at the auction.
The loan was the subject of a case...