Title: Today In CRE's Collapse: Philadelphia's 1515 Market Put Into Special-Servicing With $59.4 Million Left On Mortgage Source:
[None] URL Source:https://www.zerohedge.com/markets/t ... ial-servicing-594-million-left Published:Feb 15, 2024 Author:Tyler Durden Post Date:2024-02-15 23:19:03 by Horse Keywords:None Views:27
The building generated about $6.6 million in net operating income when the loan was written in 2014, however that number has now fallen to under $4.4 million in 2022.