Posts Tagged: CMBS

1818 Market Street Nears Default as Owner Seeks Loan Renegotiation

1818 Market Street faces 'imminent' default as Center City office building's owner seeks to renegotiate $223M loan

The owner of 1818 Market St. is actively pursuing a renegotiation of the terms for a $223 million loan tied to the Center City property, just shy of two months before its March 9 maturity date. Originated by Barclays in 2021, the debt was subsequently sold to investors as commercial mortgage-backed securities (CMBS). San Francisco-based… Read more »