Osprey SA Ltd. loan moving to special servicer


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  • | 11:00 a.m. March 3, 2017
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  • Manatee-Sarasota
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The commercial mortgage-backed securities debt secured by a Charlotte, N.C., office building and the 13-story Sarasota City Center office tower has been sent to a special servicer, according to research firm Trepp.

Borrower Osprey SA Ltd., a Michigan-based investment firm, has been attempting to refinance the loan and also sell Sarasota City Center and a 23-story building primarily occupied by Westinghouse Electric Corp. in advance of the $113.4 million debt maturing in April.

Commercial brokerage firm Holliday Fenoglio Fowler L.P. has been marketing the properties for more than a year.

 

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