Westgate Mall in S.C. Sells for $15.75Mln, Spells $13.92Mln Loss to CMBS Trust

  • 6/12/2024

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A venture of Namdar Realty Group, Mason Asset Management and CH Capital Group has paid $15.75 million for the Westgate Mall in Spartanburg, S.C. The sale, completed last week, resolves what originally had been a $40 million loan that was securitized through UBS-Barclays Commercial Mortgage Trust, 2012-C2. The loan, which had amortized to $27.38 million, suffered a $13.92 million loss.

Namdar Realty Group
Blake Namdar | Acquisitions and Dispositions

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