[New post] Kitsap Mall in Washington State Gets Hammered in Latest Appraisal

Dan Moynihan posted: "Commercial Real Estate Direct Staff Report Kitsap Mall in Silverdale, Wash., has been appraised at a mere $34.5 million - less than half the amount owed against it. The shopping mall's $74.56 million loan, securitized through WFRBS Commercial Mortga" New post on Commercial Real Estate Direct Kitsap Mall in Washington State Gets Hammered in Latest Appraisal by Dan Moynihan Commercial Real Estate Direct Staff Report Kitsap Mall in Silverdale, Wash., has been appraised at a mere $34.5 million - less than half the amount owed against it. The shopping mall's $74.56 million loan, securitized through WFRBS Commercial Mortgage Trust, 2013-C15, has been in special servicing since May 2020 as it was expected to default. […] Read more of this post Dan Moynihan | October 1, 2021 at 11:39 am | Categories: General News | URL: https://wp.me/pcdE10-2iVv Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2021/10/01/kitsap-mall-in-washington-state-gets-hammered-in-latest-appraisal/