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Liberty Center Lender Raises Concern About Occupancy Rates

Apollo Commercial Real Estate Finance executives are worried about their $165 million loan on the property.

Liberty Center, the $350 million mixed-use development in Butler County, could be turning into a problem child for the New York-based company that financed the construction of its retail space, WCPO reports. The CEO of Apollo Commercial Real Estate Finance Inc. told shareholders in a second-quarter earnings call this week that Liberty Center's $165 million loan is “high up on our radar screen in terms of loans that we’re spending a lot of time on” because of lower than expected occupancy rates.

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