Jamison’s loan on a shopping center located in Koreatown moved to special servicing due to maturity default, according to servicer commentary via Morningstar. The debt matured in early December and involved parties are reviewing workout strategies, per the servicer commentary dated Jan. 1. Earlier commentary indicated that Jamison was in financing talks to pay the loan off, but that was before the commercial mortgage-backed securities debt came due. The $55 million loan on 3500 West 6th Street, called City Center on 6th, originated in November 2019 and names David Lee — who co-founded the company that his daughter Jaime Lee […]
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