A loan partially secured by three properties in Chelmsford’s Altid Business Park has been moved into special servicing, according to Fitch Ratings, which tracks commercial real estate loans.
The loan is backed by 2, 4 and 6 Omni Way, which together contain more than 215,000 square feet of office and R&D space. According to Fitch, the loan was sent to the special servicer because it is in danger of "imminent default."
The properties are owned by Boston’s Direct Invest. Fitch lists the debt balance at $22.2 million. The website CMBS.com, which provides a breakdown of properties in commercial mortgage-backed securities, shows 2, 4 and 6 Omni Way as being on a "watchlist."
Direct Invest purchased 4 and 6 Omni Way from KBS Realty Advisors for $17.1 million in 2006. Then the firm bought 2 Omni Way from Carruth Capital for $12.4 million in 2007.





