The Mortgage Bankers Association has sold its new building at a loss of more than $30 million. The Washington, D.C.-based group agreed to pay $79 million for the building and received $75 million in financing, but last Friday, Co-Star Group agreed to take it off the MBA’s hands for just $41.3 million. Sources said the trader association would pay off some of the difference, while an MBA spokeswoman indicated the group had reached “an agreement with all relevant parties,” but provided no details. The MBA is now said to be looking for space to rent in the nation’s capital.
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