The $18.95 million CMBS loan against 150 Hillside Ave., a 127,325-square-foot office property in White Plains, N.Y., has been resolved in an unusual manner: The vacant collateral property’s owner bought it. The deal resulted in a 75.12 percent loss to the loan, which had been in special servicing for more than four years.

The post Last Loan in Legacy CMBS Deal Gets Sold, Suffers 75 Percent Loss appeared first on Commercial Real Estate Direct.