CMBS Loan Backed by Lurin Capital Townhouse Community Headed to Special Servicing

The commercial mortgage-backed securities loan on an apartment complex owned by an embattled real estate developer is headed to special servicing following a recent bankruptcy and numerous lawsuits. The $61 million loan, secured by Estates at Palm Bay, a 300-unit townhouse community in Fort Walton Beach, Fla., has been sent to special servicing after sponsor […]