Friday, June 5, 2009

North Point Mall Losing Belk

North Point Mall ($155mm, MLMT 2006-C1) in Alpharetta is losing Belk, it's 4th or 5th largest anchor. This is a GGP mall, and has a tighter DSCR than other GGP malls at just 1.32x as of the 2Q 2008. The LTV is 48.86%

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