Ben Ashkenazy extended a loan backing his Beverly Connection by two years after the debt tied to the Los Angeles power center was stuck in special servicing due to delinquency. The shopping center was reappraised in December at $193 million, 26 percent below its appraised value at issuance about a decade earlier. Not to mention, the strip mall is worth less than the $260 million Ashkenazy Acquisition purchased it for in 2014. But Ashkenazy Acquisition claims the mall was appraised again at a much greater value. “The property has been recently appraised by a national firm on behalf of a […]
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