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Silicon Valley Mixed-Use Portfolio Owned by Zappettini Faces $120M Loan Default

July 16, 20242 Mins read1.1k
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A $120 million loan backing a portfolio of office, light industrial, and research and development buildings in Silicon Valley entered maturity default in June, raising concerns about the ongoing stability of the region’s commercial real estate market. According to Morningstar, the Zappettini portfolio loan, secured by ten Mountain View properties, encountered maturity default last month. […]

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