Poughkeepsie Galleria Loan in Trouble After Value Plummets 71%
The future of the Poughkeepsie Galleria is being questioned after losing $169 million in value in just 12 years.
Source: wpdh.com
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Poughkeepsie Mall's Valuation Sinks $169M Since 2011 Issuance – Commercial Observer
The value of the Poughkeepsie Galleria mall securing two CMBS loans has plummeted by 71 percent since debt was issued on the property.
Source: commercialobserver.com
CMBS Delinquency Rate Jumps 7 Percent in May
The CRED iQ CMBS delinquency rate increased in May for the fourth consecutive month to 4.2 percent.
Source: commercialobserver.com
Poughkeepsie Mall's Valuation Sinks $169M Since 2011 Issuance – Commercial Observer
The value of the Poughkeepsie Galleria mall securing two CMBS loans has plummeted by 71 percent since debt was issued on the property.
Source: commercialobserver.com
Office Lease Expirations Hamper CMBS Loans
A number of office CMBS loans are facing lease expirations over the next two years, according to CRED iQ.
Source: commercialobserver.com