One of the nation’s largest malls has been swept into the tidal wave of CMBS loans that have gone into special servicing. A $388.5 million loan on the 2.2 million-square-foot Palisades Center in West Nyack, N.Y., has been transferred to special servicing because of imminent monetary default, Trepp reported. The debt was originated by JPMorgan Chase and Barclays in 2016 and was included in a single-asset CMBS transaction, with Wells Fargo as both master and
source https://therealdeal.com/2020/04/17/palisades-centers-390m-loan-on-verge-of-default/
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