UBS Trust Seeks $112M From Garrison Fund

UBS Commercial Mortgage Trust and Normandy Reston Office are seeking $111.5 million from a Garrison Investment Group’s fund.

UBS Commercial Mortgage Trust and Normandy Reston Office are seeking $111.5 million from a Garrison Investment Group’s fund, Bloomberg reports. The trust is looking to get a court order against the Garrison Special Opportunities Fund. As of Dec. 15, 2010, Garrison-owned entities that own a group of office buildings in Reston, which have a $107 million mortgage loan from UBS Real Estate Securities. UBS has set up two participation interests in the loan, out of which $67.5 million has been assigned to Wells Fargo as trustee for UBS Commercial Mortgage Securities Trust and the other $39.5 million to Normandy Reston Office.

Click here for the story from Bloomberg.