Two Commercial Mortgages On Brink Of Default

19 Nov 2008

Westin Portfolio and Promenade Shops are said to be close to defaulting on their commercial mortgages, according to a Credit Suisse Group report.

Westin Portfolio and Promenade Shops are said to be close to defaulting on their commercial mortgages, according to a Credit Suisse Group report. In a note to clients, analysts said the $209 million Westin loan and the $135 million Promenade loan were transferred to special services because of ...

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