The delinquency rate for CMBS hotel loans during the pandemic peaked at 2346 percent in June That compares to the 1946 percent rate recorded in November 2010, more than a year after the Global Financial...
Distressed rates for CMBS loans against Manhattan retail properties have climbed noticeably since the start of the coronavirus pandemic, contributing to a wave of retailers filing for...
The Real Deal A venture of SHVO, Bilgili Group, Deutsche Finance and BVK is looking to block Ralph Lauren’s plans to sublease 28,300 square feet of ground-floor retail space at 711 Fifth Ave in Manhattan The clothing retailer had closed its...
The CMBS industry has exhibited resiliency throughout the last two decades It's managed to stay on course, largely through the fine-tuning of structure, tighter underwriting and a shift in lending preferences to meet investor...
The prognosis for the commercial real estate market calls for a prolonged recovery The expectation is that much of the $540 billion of CMBS in the market will suffer...
Commercial Real Estate Direct Staff Report Watermark Lodging Trust has negotiated an 18-month extension of the $84 million mortgage against its 553-room Renaissance Chicago Downtown hotel The loan, securitized through WFRBS Commercial Mortgage...
Despite historically low interest rates, defeasance volume in the CMBS market plunged last year to $68 billion from $153 billion in 2019, according to Trepp LLC That no doubt was driven by the reluctance from investors to complete sales transactions...
Commercial Real Estate Direct Staff Report December marked the third straight month in which the volume of CMBS loans with special servicers has declined It fell by 35 percent to $5295 billion from $5486 billion in November, according to Trepp LLC...
KKR Real Estate Credit was the most active buyer of B-pieces from CMBS conduit transactions in 2020, retaking the title from Rialto Capital Advisors It invested in seven conduit deals totaling $62 billion, or nearly 23 percent of the year's...
Commercial Real Estate Direct Staff Report The volume of CMBS loans that are more than 30-days late with their payments declined again in December, to $4218 billion from $441 billion in November, according to Trepp LLC It marks the sixth straight...
