Richmond’s Hilltop Mall Where JCPenney is Closing a Store is Projected to Lose $58.8MM of CMBS Loan

As JC Penney commences work on closing 138 stores across the country, estimates from Morningstar Credit Ratings, LLC have identified over $885 million of allocated property balance in commercial mortgage-backed securities at risk. 12 are exposed to a closing JCPenney, which may increase risk to the CMBS loan, and Morningstar Credit Ratings estimates seven of […]