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REA
September 25, 2019  

Distressed Louisville Loan in Play

A special servicer is shopping a defaulted loan on Louisville’s tallest office tower.The 635,000-square-foot building, at 400 West Market Street, is 81% occupied. The owner, 601W Cos. of New York, failed to pay off the $103 million securitized mortgage when it matured in April.CWCapital, the special servicer, has started foreclosure proceedings. The pitch is that a buyer could continue that effort and take over the 35-story property.Market...


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