Big-money mortgage defaults dot LA map in 2024

by Abigail Nehring

From dwindling mall occupancy at Santa Monica Place to downsizing office tenants on Silicon Beach, commercial borrowers found themselves in hot water as their loans came due in 2024. Landlords in Los Angeles and Orange counties started the year with a bleak outlook: Some $21 billion worth of commercial mortgage-backed security loans and collateralized loan […]

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