Morningstar Credit has downgraded bonds tied to a loan for a 754-unit luxury apartment tower in San Francisco. The development comes on the heels of the SoMa neighborhood building struggling to make debt payments and its valuation being cut in half.
Morningstar Downgrades Loan Tied to NEMA Apartments in San Francisco
Luxury Tower’s Valuation Has Dropped 50% Since 2019, Credit-Ratings Firm Says
By Pawan Naidu
CoStar News
January 3, 2024 | 7:00 P.M.
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