A $1.3B CMBS loan backed by 146 properties owned by Workspace Property Trust (WPT)—more than half of the Boca Raton-based company's portfolio—has headed to special servicing.
The loan, originated in 2018 by JPMorgan Chase is scheduled to come due in July, according to a report from Morningstar Credit Information & Analytics.
Most of the properties backed by the loan, which in total encompass about 10M SF in four states, are office and light industrial buildings; more than 60 are located in Pennsylvania.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
