35% Discount to Principal
Property Type: Retail
Property Size: 42,156 sq. ft.
Origination: Aug, 2006
Current Loan Balance: $7,763,104
Occupancy: 67.31 %
Debt Service Coverage Ratio: .55 as of 2013
Location: Park City, Utah
Office in historical downtown Park City, Utah with parking and redevelopment challenges.
Borrower purchased the note at a 35% discount to principal.