Commercial Real Estate Direct Staff Report
CWCapital Asset Management has put the $149.6 million CMBS loan against the Tri-County Mall in suburban Cincinnati up for sale.
The loan is the largest in the collateral pool of Credit Suisse First Boston Mortgage Securities Corp., 2005-C2. It has been in special servicing since August 2009 and hasn't made an interest payment since April 2011. CWCapital has filed to foreclose against the loan.
It has hired Mission Capital Advisors to orchestrate the loan's sale. The New York loan-sales specialist has...