Property Type: Hospitality- CMBS Loan Assumption City & State: Panama City, FL Current Loan Balance: $8.9MM Resolution: Assumption Total Days to Final Approval: 28 days - Due to lender's initial intent to require unreasonable additional reserves. Client engaged Hart after the formal assumption package was submitted. Hart successfully negotiated certain term of approval, and the transaction closed successfully. Date Completed: December 16, 2019 Master Servicer: Midland Loan Services Special Servicer: Rialto Capital Advisors
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