Commercial Real Estate Direct Staff Report The Bellis Fair Mall near the Canadian border in Bellingham, Wash., has been appraised at a value of $49.1 million, down from $145 million in 2011, when a CMBS loan was written against it. The loan, securitized through GS Mortgage Securities Corp., 2012-GCJ7, originally had a balance of $93.25 […]

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