The advance on Atlanta's Bank of America Plaza, one of the 10 tallest U.S. buildings, has been transport to a particular servicer as its owner prepares to non-payment on the $363 million mortgage, Fitch Ratings report.
BentleyForbes, a Los Angeles-based practicable real estate company, bought the belongings in 2006 for $436 million from a corporation of Bank of America Corp (BAC.N) and Cousins Properties Inc , a real estate venture trust.
LNR is the particular servicer, according to Fitch. A particular servicer oversees troubled loans that have been securitized. The loan was securitized in 2006.
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