​Loan For Once-Iconic Detroit Tower Goes Delinquent – Tyler Durden

Loan For Once-Iconic Detroit Tower Goes Delinquent By Leslie Shaver of Multifamily Dive, The more-than-$80 million Freddie Mac commercial mortgage-backed securities loan for the rental portion of the once-iconic Detroit property Riverfront Towers has gone 30 days delinquent, according to a report Morningstar Credit shared with Multifamily Dive.  Image Capital is listed as the owner of the property, according to Yardi Matrix. Indianapolis-based AMP Residential manages the property. Neither firm replied to Multifamily Dive’s request for comment as of press time.  The complex was once home to civil rights activist Rosa Parks and singer Aretha Franklin, according to the Detroit…  — Continue at ZeroHedge News : Read More