CASE STUDY: Note Sale - CMBS
Property Type: Industrial
Property Size: 101,510 sq. ft.
Origination: Feb, 2001
Current Loan Balance: $7,752,820
Occupancy: 50.35 %
Debt Service Coverage Ratio: -.25 as of 2012
Location: Fremont, CA
Two buildings in a challenged location. Needed to separate to facilitate user sale of one.
13% discount via note sale on Auction.com.
Servicer: CW Capital