US Edition$260M CMBS Loan On Pembroke Lakes Mall Sent to Special Servicing
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$260M CMBS Loan On Pembroke Lakes Mall Sent to Special Servicing
The retail apocalypse may not be over yet. A $260 million commercial mortgage-backed securities (CMBS) loan backed by Pembroke Lakes Mall, a 1.1 million-square-foot regional mall outside of Miami, has been sent to special servicing after a maturity default. Morningstar Credit first reported the news. The CMBS loan — GSMS 2013-PEMB — is a single-asset, single-borrower transaction held by Brookfield Property Partners that reached maturity on Mar…
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