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Home Finance Fallas Family Defaults on $31.8MM CMBS Loan at Historic 88-Unit Metropolitan Building in Downtown Los Angeles
FinanceIndustry NewsLos AngelesResidentialRetail

Fallas Family Defaults on $31.8MM CMBS Loan at Historic 88-Unit Metropolitan Building in Downtown Los Angeles

March 27, 20263 Mins read1.1k
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Vacant retail space left behind by the family's bankrupt discount chain drives the mixed-use landmark into special servicing as the property hits the market as a value-add opportunity. The Metropolitan Building, a Beaux-Arts landmark at 449 South Broadway in Downtown Los Angeles' Historic Core, has been transferred to special servicing after its borrower defaulted on […]

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