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New York office loans downgraded, Simon faces $823 million in loan maturities, eyes on Wells Fargo’s loan servicing business

A weekly look at the commercial mortgage-backed securities business
A $670 million loan on 230 Park Ave., The Helmsley Building, in New York had an initial maturity date of December 2023. (CoStar)
A $670 million loan on 230 Park Ave., The Helmsley Building, in New York had an initial maturity date of December 2023. (CoStar)
CoStar News
August 29, 2024 | 2:26 P.M.

This week’s column examines properties facing financing challenges along New York’s Park Avenue, mall landlord Simon Property Group’s $823 million in loan maturities and a new focus on the ratings for Wells Fargo’s loan servicing business. Read the entire piece by clicking “read more” below.

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