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Loan Modification

: Loan Modification & Home Loan News

Seattle Commercial Landlord Strategically Defaulting in Order to Pursue Loan Modifications

By Moe Bedard

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The region’s biggest office landlord, which already defaulted on its loan on the Columbia Center, is playing a high-stakes game of chicken over another mammoth loan it took out three years ago to buy nine more office towers or complexes in Seattle and Bellevue. Boston-based Beacon Capital Partners borrowed $2.7 billion to buy the Seattle-area properties [...]

Full post as published by Loan Modification & Home Loan News on April 22, 2010 (boomark / email).

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