NIAGARA FALLS, N.Y. — With less than six months until an $89.35 million balance is due, a Fashion Outlets of Niagara Falls loan could be going up for sale, according to this month’s commercial mortgage-backed securities (CMBS) filings to bond investors.
The loan, which was originated by lender GACC, is held in a portfolio of similar property mortgages that have been sold off in shares — or CMBS — to investors.
Macerich (NYSE: MAC), the property’s owner, has paid off roughly $33.15 million since securing the loan in October 2010. The loan is due Oct. 1.
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