Boxer Oscar De La Hoya defaulted on a $27 million commercial mortgage-backed securities loan connected to an office building in downtown Los Angeles that his company owns and occupies. De La Hoya owes about $23 million and faces foreclosure on the property, according to the notice of default and election to sell dated late last year. The Real Deal previously reported that the debt landed in special serving after missing a July maturity date. The latest servicer commentary, via Morningstar Credit, notes that the borrower is seeking a loan modification and extension of the maturity date — and the lender […]
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