Wednesday 22 April 2020

After Palisades Center, 4 more Pyramid Group malls head to special servicing

A quartet of Pyramid Group malls in Upstate New York have gone into special servicing after the firm requested debt service relief because of the coronavirus pandemic. Destiny USA in Syracuse, Walden Galleria Mall in Cheektowaga, Crossgates Mall in Albany and Poughkeepsie Galleria are now all in special servicing, according to Kroll. The company’s Palisades Center mall in West Nyack went into special servicing earlier this month. Destiny USA has a pair of mortgage loans



source https://therealdeal.com/2020/04/22/after-palisades-center-4-more-pyramid-group-malls-head-to-special-servicing/

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