Anatomy of a Default: How a $229MM Bellevue Office Loan Went From 3.40x Coverage to Foreclosure

A single-tenant office loan that looked untouchable at origination has become one of the Puget Sound's clearest tests of how far trophy values can fall, as QSuper's $229 million debt on Bellevue's Bravern Office Commons sits a full year delinquent and marches toward foreclosure. The loan is the story here, not just the towers. Underwritten […]