#commercial-mortgage-backed-securities

[ follow ]
therealdeal.com
3 months ago
LA real estate

Income Slumps at Charles Cohen's Pacific Design Center

Billionaire developer Charles Cohen is facing declining profits at the Pacific Design Center in West Hollywood.
A $245 million loan tied to the campus is on a watchlist due to a low debt service coverage ratio. [ more ]
therealdeal.com
3 months ago
LA real estate

LA Apartment Owners Feel Rising Debt Distress

Rising interest rates and property expenses are causing landlords in Los Angeles to struggle with debt payments.
About $580 million in commercial mortgage-backed securities debt tied to apartment buildings in Los Angeles has been watchlisted for having low debt service coverage ratios. [ more ]
[ Load more ]