CMBS Loan Backed by New Jersey’s Bridgewater Commons Sent to Special Servicing

AI Summary

A $235 million commercial mortgage-backed securities loan secured by Bridgewater Commons mall in New Jersey has been sent to special servicing. The loan reportedly failed to meet its debt-yield requirements.

A $235 million commercial mortgage-backed securities (CMBS) loan secured by Bridgewater Commons, a 1.15 million-square-foot mall in northern New Jersey, has been sent to special servicing due to an inability to meet its debt yield, according to an alert from Morningstar Credit.  The $235 million loan — securitized in the GSMS 2012-BWTR single-asset, single-borrower deal […]