Showing posts with label Riverchase Galleria. Show all posts
Showing posts with label Riverchase Galleria. Show all posts

Friday, February 11, 2011

Riverchase Galleria ARA 52%!

GGP-owned Riverchase Galleria, in BACM 2006-6, just got hit with a 52% appraisal reduction. The loan represents 12.69% of the deal, the largest.

Looks like they want to keep it and are just sticking it to the CMBS holders for a mod...