special servicing
Appraisal Cuts S2 Capital’s 720-Unit The Kace in Grand Prairie to $82.9MM, Down 47% From 2022
A fresh appraisal pegs S2 Capital's 720-unit The Kace apartment community in Grand Prairie at $82.9 million, roughly $72.5 million below its 2022...
Trepp Flags $3B in Texas Floating-Rate Apartment Loans Short on Cash Flow
A new Trepp analysis shows that one in four dollars of performing floating-rate Agency multifamily debt in Texas sits on properties whose net...
Blackstone’s $518MM Blackjack Portfolio Loan Hits Special Servicing, Putting 352-Unit West Oaks in San Antonio on the Block
The $1.3 billion Blackstone CMBS loan behind the 21-property Blackjack Portfolio has transferred to special servicing after missing its October maturity, leaving North...
$73MM Loan on 341,000 SQFT Vintage Park Lifestyle Center Lands in Special Servicing After Missed Maturity in Houston
A decade after UBS financed it, the debt behind Northwest Houston's Italian-styled Vintage Park lifestyle center has failed to pay off at maturity,...
Farmers Branch Office Tower’s Value Plunges 74% to $12MM as Lender Seizes 295,000 SQFT 4455 LBJ Freeway
A suburban Dallas office building has lost nearly three-quarters of its appraised value since 2016, and the bondholders who financed it now own...
