Matters

  • Closed a defeasance of a $200,000,000 mezzanine loan. The borrower owned the membership interests in owner of the Atlantis Resort.
  • Closed a defeasance of two (Note A-1 and Note A-2) loans held by different securitized lenders totaling $145,000,000, owed by 30 TIC borrowers and secured by a total of 30 properties in 6 states. 
  • Closed a series of 3 partial defeasances and a full final defeasance of a $61,000,000 loan, owed originally by 30 TIC borrowers and secured by a total of 20 properties in 9 states.