Midland Loan Services
FinanceHospitalityIndustry NewsOrange County
Hilton Irvine Hotel Loan Defaults, Lands in Special Servicing Months Before $44.8MM Maturity
A 306-room Hilton-branded hotel in Irvine has tipped into payment default and transferred to special servicing, leaving its $44.8 million securitized loan facing...
CommercialFinanceIndustry NewsLos Angeles
Jamison’s 600 Commonwealth Office Tower Lands Back in Special Servicing as $30.4MM Loan Races Toward Sale Closing in Los Angeles
A $30.4 million securitized loan backing the 333,000-square-foot 600 Commonwealth office tower in Los Angeles has returned to special servicing after a forbearance...
CommercialFinanceIndustry NewsLeasingLos Angeles
Onni’s $384MM Wilshire Courtyard Loan Lands Back in Special Servicing as July Maturity Looms
The Miracle Mile office campus faces imminent default with cash flow covering barely a quarter of its debt service and the balloon payment...
CommercialFinanceIndustry NewsLos Angeles
Historic Santa Monica Clock Tower Faces Financial Crisis as Office Market Struggles
Century-old Art Deco landmark’s $26.7 million loan enters special servicing amid plummeting occupancy and cash flow The Santa Monica Clock Tower, a 12-story...
