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Lower Appraisals Afflict Chicago Buildings, Bonds Linked to Blackstone Fund Investment Hit by Downgrades, Freddie Mac Preps First Offering in a Month

A Weekly Look at the Commercial Mortgage-Backed Securities Business
The suburban Chicago office complex Central Park of Lisle recently received a lower appraised value. (Gian Lorenzo Ferretti/CoStar)
The suburban Chicago office complex Central Park of Lisle recently received a lower appraised value. (Gian Lorenzo Ferretti/CoStar)
CoStar News
March 23, 2023 | 2:51 P.M.

Lower Appraisals Afflict Chicago Buildings: A review of recent special servicer data and rating agency actions shows a number sinking appraised values on Chicago properties tied to large loans in commercial mortage-backed securities.

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News | Lower Appraisals Afflict Chicago Buildings, Bonds Linked to Blackstone Fund Investment Hit by Downgrades, Freddie Mac Preps First Offering in a Month