Commercial Real Estate Direct Staff Report K-Star Asset Management LLC, a special servicing operation launched last April by KKR & Co, has started formally taking over special servicing rights for certain CMBS transactions The company will...
Challenged CMBS loans against office buildings continued to roll into special servicing in February, increasing the overall volume by 161 percent from the previous month, to $3213 billion, according to Trepp Inc The office loans that transferred to...
Commercial Real Estate Direct Staff Report The volume of CMBS loans that are delinquent increased in February by 7 percent to $1942 billion, according to Trepp Inc That marks the highest volume of delinquency since last April, when $2089 billion of...
Aimco has agreed to sell the $275 million mezzanine loan it had provided against ownership interests in the 3,221-unit Parkmerced apartment complex in San Francisco for $1675 million It said the sale was subject to certain approvals and could not...
Commercial Real Estate Direct Staff Report Moody’s Investors Service has downgraded two classes of CD, 2017-CD3, because of losses it expects to result from certain collateral loans, including those that are in special servicing The rating...
The pace of transfers of CMBS loans into special servicing slowed appreciably in January, resulting in a 038 percent drop in the total volume of loans with special servicers, to $3162 billion, according to Trepp Inc That amounts to 511 percent of...
Commercial Real Estate Direct Staff Report The CMBS delinquency numbers for January improved slightly from the month before, with the total volume of loans that are more than 30 days late with their payments declining by 284 percent to $1815 billion...
Nearly $109 billion of floating-rate CMBS loans mature this year, according to analysis by Kroll Bond Rating Agency While more than 90 percent of that volume is eligible to be extended, those loans generally are required to have interest-rate caps...
Commercial Real Estate Direct Staff Report The $15987 million CMBS loan against the 988,646-square-foot office building at 301 South College St in Charlotte, NC, has transferred to special servicing because it’s expected to default at its May...
Commercial Real Estate Direct Staff Report Macerich Co has negotiated another three-year term extension of the $300 million mortgage against the Santa Monica Place shopping mall in Santa Monica, Calif The loan, securitized through Wells Fargo...
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