Midland Puts $40.8M In of CMBS Loans on Sales Block

February 16, 2012

Source: CRENews

Midland Loan Services has put on the sales block a pair of nonperforming loans with a combined balance of $40.8 million against properties in Lansing, Mich., and Parsippany, N.J. The special servicer has tapped Mission Capital Advisors to orchestrate the sale. It has set a March 8 deadline for indicative bids and will hold a final round of bidding on March 20, with a quarter-end closing target.

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