0 minute readMore than 280 properties serving as collateral to 238 commercial-mortgage-backed securities loans are located in declared disaster areas after Monday’s tornado outbreak in Oklahoma, according to credit ratings firm Morningstar.
The unpaid principal balance for the potentially exposed loans sits at $7.2 billion, with an allocated property balance of $1.5 billion.
Thirteen of the properties are located in the hardest hit areas of Moore, Okla.
A complete list of assets located in Moore is posted below:
